BTIG analyst Jake Fuller raised the firm’s price target on Expedia to $175 from $150 and keeps a Buy rating on the shares. The firm notes that the company’s trends have turned “more stable” since July, placing Expedia on track with its guidance, the analyst tells investors in a research note. BTIG adds that the company’s long-term perspective is also “firming”, with better competitive narrative as it exits a multi-year makeover with better cost structure and under the leadership of a new CEO.
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