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Argus positive on Expedia

Jul. 05, 2017 10:18 AM ETExpedia Group, Inc. (EXPE) StockEXPEBy: Clark Schultz, SA News Editor2 Comments
  • Argus launches coverage on Expedia (EXPE +0.5%) with a Buy rating. Key snippets from the firm's note are posted below.
  • "We expect Expedia to benefit from growth in online travel bookings for air, rail, cruise, hotel, rental car and vacation packages in Asia, Europe and the U.S."
  • "We expect Expedia's share of the global market for travel bookings to grow from 6% in 2016 to 8%-9% in 2020."
  • "Our target of $178 implies a potential total return of 21% including the dividend."
  • Source: Analyst note

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