Expedia (EXPE -1.4%) shares slip after Morgan Stanley cuts its rating to Underweight with a...
Expedia (EXPE -1.4%) shares slip after Morgan Stanley cuts its rating to Underweight with a price target of $25, reflecting "growing concern that Expedia’s hotel business faces increasing competitive headwinds," withs Priceline's (PCLN) Booking.com unit potentially taking share. Expedia’s air and packaging business could remain weak due to rising airfares and weak capacity growth.
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