Market Overview

UPDATE: Morgan Stanley Upgrades Expedia to Equal-Weight Following Strong Results

Share:
Related EXPE
Internet Stock Catalysts: What's Ahead, Who Will Benefit And Who's At Risk
Your Easy Guide To Credit Suisse's New Top Stocks List

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

DateFirmActionFromTo
Aug 2017JefferiesUpgradesHoldBuy
Aug 2017SunTrust Robinson HumphreyInitiates Coverage OnBuy
Jul 2017ArgusInitiates Coverage OnBuy

View More Analyst Ratings for EXPE
View the Latest Analyst Ratings

Posted-In: Morgan StanleyAnalyst Color Upgrades Intraday Update Analyst Ratings

 

Related Articles (EXPE)

View Comments and Join the Discussion!
Loading...
Loading...