BMO Capital analyst Brian Pitz raised the firm’s price target on Expedia (EXPE) to $205 from $160 and keeps a Market Perform rating on the shares. The company delivered encouraging growth in gross bookings and revenue, with Bookings room nights up 7%, Gross Bookings up 5%, and revenue up 6%, plus adjusted EBITDA roughly 6% above the Street, the analyst tells investors in a research note.
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- Expedia price target raised to $265 from $215 at Benchmark
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