Goldman Sachs Adjusts Numbers on Expedia (EXPE) Following TripAdvisor Spin-Off

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December 30, 2011 6:50 AM EST
Get Alerts EXPE Hot Sheet
Price: $332.69 +1.33%

Rating Summary:
    22 Buy, 37 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Goldman Sachs adjusted estimates and its price target on Neutral-rated Expedia (NASDAQ: EXPE) following the TripAdvisor (Nasdaq: TRIP) spinoff.

The firm updated their price target for Expedia to $32. The firm updated FY11 EPS to $2.14, FY12 to $2.61 and FY13 to $3.16.

While the company provided some "continuing operations" basis financials for Expedia, the firm anticipates additional financial details to be provided with 4Q11 earnings on February 9, 2012, and filings thereafter.

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 $29.55 yesterday.

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