Soleil Securities Downgrades Expedia (EXPE) to Hold
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Price: $59.13 +1.93%
Rating Summary:
12 Buy, 23 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 24 | Down: 17 | New: 24
Rating Summary:
12 Buy, 23 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 24 | Down: 17 | New: 24
Trade EXPE Now!
Soleil Securities downgraded Expedia (NASDAQ: EXPE) from Buy to Hold.
Soleil analyst says, "We are downgrading EXPE & Orbitz (NYSE: OWW) from Buy to Hold on three headwinds: 1) The AMR Corp (NYSE: AMR) controversy will likely be a sentiment drag and points to broader risk to OTA ticket comp, 2) Concern over the Google (NYSE: GOOG) GOOG-ITA combo will continue to be an overhang for the OTAs, 3) GOOG's Place pages pose a threat in hotel search (TripAdvisor in particular). We are more worried about the impact to sentiment as these issues evolve than we are the financial risk, but cannot see a positive fundamental catalyst on the horizon."
For more ratings news on Expedia click here and for the rating history of Expedia click here.
Shares of Expedia closed at $25.09 yesterday, with a 52 week range of $18.30-$29.85.
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Soleil analyst says, "We are downgrading EXPE & Orbitz (NYSE: OWW) from Buy to Hold on three headwinds: 1) The AMR Corp (NYSE: AMR) controversy will likely be a sentiment drag and points to broader risk to OTA ticket comp, 2) Concern over the Google (NYSE: GOOG) GOOG-ITA combo will continue to be an overhang for the OTAs, 3) GOOG's Place pages pose a threat in hotel search (TripAdvisor in particular). We are more worried about the impact to sentiment as these issues evolve than we are the financial risk, but cannot see a positive fundamental catalyst on the horizon."
For more ratings news on Expedia click here and for the rating history of Expedia click here.
Shares of Expedia closed at $25.09 yesterday, with a 52 week range of $18.30-$29.85.
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