UPDATE: Cantor Fitzgerald Initiates Expedia at Buy on Growth Tailwinds

Cantor Fitzgerald initiated its coverage on Expedia EXPE with a Buy rating and a price target of $64. Cantor Fitzgerald commented, "We initiate on Expedia with a BUY. We believe that Expedia is still in the early stages of a business turnaround, and prospects for continued upside driven by sustained improvement in key metrics and margins make this an attractive stock to own. At $54.81, the stock is relatively inexpensive, trading at ~9.3x CY:12E EBITDA and offering potential ~15% upside to our $64 PT." Expedia closed at $57.09 on Thursday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorPrice TargetInitiationPre-Market OutlookAnalyst RatingsCantor Fitzgerald
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!