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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

Sep 2015Cowen & CompanyMaintainsOutperform
Sep 2015Canaccord GenuityMaintainsBuy
Jul 2015BarclaysMaintainsOverweight

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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