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Truist Securities on Expedia (EXPE) and Uber (UBER) Rumor via FT: 'we remain guarded in some respects on leisure travel fundamentals today'
October 17, 2024 6:23 AM EDTTruist Securities analyst Greg Miller reiterated a Hold rating and $148.00 price target on Expedia (NASDAQ: EXPE).
The analyst comments "Given that the travel space has considerable complexity, especially leisure with in some respects a shorter booking window compared to other types of travel, it is notable that EXPE is being reportedly targeted by a company whose CEO knows the travel space thoroughly. That said, we remain guarded in some respects on leisure travel fundamentals today. We continue to view U.S. leisure travel trends as flattish-to-down y/y given weaker... More
