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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
May 2015Cantor FitzgeraldMaintainsBuy
May 2015JMP SecuritiesUpgradesMarket PerformMarket Outperform
May 2015Guggenheim SecuritiesInitiates Coverage onBuy

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