AccorHotels buys concierge group to counter Airbnb challenge

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UBS Cuts Price Target on Expedia (EXPE) to $142; Reiterates Buy

July 29, 2016 9:51 AM EDT

UBS reiterated a Buy rating on Expedia (NASDAQ: EXPE), and cut the price target to $142.00 (from $145.00), following the company's 2Q earnings report.

Analyst Eric Sheridan commented, "Against a backdrop of worries around operating performance, Expedia produced a mixed set of Q2 results. Slower... More