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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
Nov 2014Credit SuisseInitiates Coverage onNeutral
Oct 2014Credit SuisseMaintainsNeutral
Oct 2014BenchmarkMaintainsBuy

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

 

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