According to Evercore Partners, Expedia EXPE price target is lowered to $37.
Evercore Partners said that it reiterates its Overweight rating post spin of TripAdvisor based on the opportunity for revenue growth, both organically and through strategic partnerships. “Our new price target is $37 based on DCF analysis and a 6.3 times multiple on 2012 EBITDA. This compares to Orbitz which is trading 6 times and PCLN at 12 times.”
Expedia closed yesterday at $29.15.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in