Soleil Securities Upgraded Expedia (EXPE) to Buy (7/31)
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Intra-Day yesterday, Soleil Securities upgraded Expedia (Nasdaq: EXPE) from Hold to Buy with a $26 price target, citing a combination of price and travel related diversification.
The firm said, "In our opinion, the potential recession's effect on leisure travel, and current industry headwinds (reduced airline capacity, increasing air ticket prices, potentially declining ADR's, increasing search costs, increasing supplier marketing) reasonably discounted in the current stock price."
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