UPDATE: Credit Suisse Assumes Coverage of Expedia

In a note dated November 21, Credit Suisse analyst, Stephen Ju assumed coverage of Expedia Inc.

by maintaining a Neutral rating and $87 price target. Ju has assumed coverage of Expedia due to the departure of the primary analyst. He noted the investment thesis has remained unchanged. Though the firm is currently on the sidelines waiting to see how the entry of Booking.com will impact the market, Ju says Expedia has made the right investments to capture the shift to mobile/tablet.