UPDATE: Bank Of America Upgrades HomeAway On Reasonable Valuation
In a report published Tuesday, Bank of America analyst Nat Schindler upgraded the rating on HomeAway (NASDAQ: AWAY) from Underperform to Neutral, and reiterated the $32.00 price target.
In the report, Bank of America noted, “HomeAway (AWAY) is currently trading below 20x free cash flow + cash per share, which in our opinion, is a reasonable valuation given its history of consistent cash flow. In addition, there are potential catalysts from the Expedia partnership and paid per booking growth that may enhance value, so we are upgrading HomeAway from Underperform to Neutral.”
HomeAway closed on Monday at $28.91.
Latest Ratings for AWAY
|Nov 2015||Pacific Crest||Downgrades||Outperform||Sector Weight|
|Nov 2015||RBC Capital||Downgrades||Outperform||Sector Perform|
|Nov 2015||Deutsche Bank||Downgrades||Buy||Hold|
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