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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
Jul 2015JefferiesMaintainsHold
Jun 2015Deutsche BankUpgradesHoldBuy
Jun 2015BarclaysInitiates Coverage onOverweight

View More Analyst Ratings for EXPE
View the Latest Analyst Ratings

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

 

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