Cantor Fitzgerald reiterated a Buy rating on Expedia (NASDAQ: EXPE), and raised the price target to $140.00 (from $130.00), following DOJ approval for pending acquisition of Orbitz.

Analyst Naved Khan commented, "We're reiterating our BUY rating and raising our estimates and PT on EXPE following DOJ's approval yesterday for the pending acquisition of Orbitz. We view the deal positively for EXPE given the potential cost synergies (which we believe can result in a meaningful accretion to EBITDA/EPS) as well as the strategic rationale from the transaction and are adjusting our estimates and PT for EXPE to reflect the transaction, which we expect will close in 4Q:15."

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 $124.68 yesterday.

Analyst Comments Analyst EPS Change Analyst PT Change Mergers and Acquisitions

Evercore ISI Raises Price Target on Expedia (EXPE) Following DOJ Approval for Orbitz (OWW) MergerSeptember 17, 2015 7:58 AM After Hours Stocks Movers 09/16: (AERI) (LAKE) (MLHR) Higher; (APOG) (SANW) (ORCL) Lower (more...)September 16, 2015 5:47 PM Market Wrap: CPI Falls for First Time in Months on Lower Oil; Big Beer Deal in the Works; FedEx Hit on Lowered OutlookSeptember 16, 2015 5:29 PM Justice Department Will Not Challenge Expedia's (EXPE) Acquisition of Orbitz (OWW)September 16, 2015 4:38 PM Expedia's (EXPE) acquisition of Orbitz (OWW) said to win U.S. antitrust clearance - BloombergSeptember 16, 2015 3:18 PM Airlines try to woo customers back to their own websitesSeptember 16, 2015 9:04 AM