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UPDATE: Morgan Stanley Upgrades Expedia to Equal-Weight Following Strong Results

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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

DateFirmActionFromTo
Feb 2015Morgan StanleyInitiates Coverage onUnderweight
Feb 2015Deutsche BankMaintainsHold
Feb 2015JP MorganMaintainsNeutral

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Posted-In: Morgan StanleyAnalyst Color Upgrades Intraday Update Analyst Ratings

 

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