Goldman Sachs Resumes Expedia (EXPE) at Neutral

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Goldman Sachs resumes coverage on Expedia (NASDAQ: EXPE) with a Neutral rating and $30 price target.

"With Expedia nearing both the conclusion of a major technology platform investment and the completed spinoff of its media assets, we expect the company to refocus on its core online travel agent business to the benefit of growth and margins," the firm said.

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 $27.93 yesterday, with a 52 week range of $19.61-$32.89.

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