UBS raised the firm’s price target on Expedia (EXPE) to $182 from $166 and keeps a Neutral rating on the shares. The operating backdrop ultimately did not prove as dire as expected post-Liberation Day, and while there is some regional softness in the U.S. inbound, consumer appetite for travel to other destinations appears unabated, the analyst tells investors in a research note. Currency movements provide a partial tailwind through the quarter, UBS adds.
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