UPDATE: Morgan Stanley Upgrades Expedia to Equal-Weight Following Strong Results
Morgan Stanley raised its rating on Expedia (NASDAQ: EXPE) from Underweight to Equal-weight following strong results for Q2.
Morgan Stanley commented, "We had expected EXPE shares to continue to underperform its peers in the face of escalating competitive risks and revenue margin pressure. However, EXPE has shown two consecutive quarters of solid top-line growth and measurable progress on its new platform, rendering our Underweight thesis invalid."
Expedia closed at $45.71 on Thursday.
Latest Ratings for EXPE
|May 2015||Cantor Fitzgerald||Maintains||Buy|
|May 2015||JMP Securities||Upgrades||Market Perform||Market Outperform|
|May 2015||Guggenheim Securities||Initiates Coverage on||Buy|
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