Piper Jaffray reiterates an Overweight rating on Expedia (EXPE) and raises it price target to...

|By:, SA News Editor

Piper Jaffray reiterates an Overweight rating on Expedia (EXPE) and raises it price target to $53 from $44. Analysts with the firm base stay bullish on EXPE after digesting the latest data dump from comScore showing strength in the travel site's Europe-based web traffic.