- Susquehanna has upgraded Expedia (EXPE +3.3%) to Positive, and UBS has started Orbitz (OWW +4.7%) at Buy.
- Susquehanna: "Our updated breakdown of EXPE's 3 main businesses (Travelocity, Trivago, and "core") shows how Street EPS numbers are 3% and 4% too low in '14 and '15 even using conservative assumptions." The firm thinks Expedia should trade at a 25% premium to the S&P 500 (up from a current 12%), given much faster EPS growth.
- UBS is optimistic about the potential of a new loyalty program to boost Orbitz's bookings. The company has been growing much slower than bigger rivals Priceline and Expedia for some time.
From other sites
Video at CNBC.com (Mar 3, 2015)
at CNBC.com (Feb 13, 2015)
at CNBC.com (Feb 12, 2015)
Video at CNBC.com (Feb 6, 2015)
at CNBC.com (Feb 5, 2015)
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