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UPDATE: Bank Of America Upgrades HomeAway On Reasonable Valuation

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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

DateFirmActionFromTo
Nov 2015Pacific CrestDowngradesOutperformSector Weight
Nov 2015William BlairDowngradesOutperformMarket Perform
Nov 2015Raymond JamesDowngradesOutperformMarket Perform

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Posted-In: Bank of America Nat SchindlerAnalyst Color Upgrades Analyst Ratings

 

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