- Atlantic Equities has raised Expedia (EXPE +4.7%) to Overweight from Neutral, citing expectations of meaningful growth driven by the company's non-core OTA assets.
- Analyst James Cordwell also sees diversification helping the stock's multiple, anticipating total EBITDA to grow from $1.17B in 2015 to $2.45B in 2018, with $760M of the increase being contributed by HomeAway, Orbitz and trivago.
- The firm currently has a $130 price target on shares.
Expedia higher after Atlantic Equities upgrade
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Symbol | Last Price | % Chg |
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EXPE | - | - |
Expedia Group, Inc. |