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Cantor Fitzgerald Starts Expedia (EXPE) at Buy, Early States of Turnaround

September 21, 2012 8:52 AM EDT Send to a Friend
Get Alerts EXPE Hot Sheet
Price: $85.16 -0.87%

Rating Summary:
    15 Buy, 24 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 24 | New: 21
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Cantor Fitzgerald initiates coverage on Expedia (NASDAQ: EXPE) with a Buy. PT $64.00.

The firm comments, "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."

For an analyst ratings summary and ratings history on Expedia click here. For more ratings news on Expedia click here.

Shares of Expedia closed at $57.09 yesterday.




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