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UPDATE: Ascendiant Capital Markets Initiates Expedia at Buy on Global Growth in Travel

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Ascendiant Capital Markets initiated coverage on Expedia (NASDAQ: EXPE) with a Buy rating and a $77.00 price target.

Ascendiant commented, "We believe that the company's leading position as the world's largest OTA will continue to benefit from an improving travel industry, the increasing trend towards online travel, and high growth potential in international markets. We expect Expedia's share price to increase over the near term as it continues to experience solid revenue and earnings growth."

Expedia closed at $61.99 on Wednesday.

Latest Ratings for EXPE

DateFirmActionFromTo
May 2015RBC CapitalInitiates Coverage onSector PerformOutperform
May 2015Morgan StanleyUpgradesUnderweightEqual-weight
Feb 2015Morgan StanleyInitiates Coverage onUnderweight

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Posted-In: Ascendiant Capital MarketsAnalyst Color Initiation Intraday Update Analyst Ratings

 

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