Expedia Gets Leg Up From Trivago; FBR Raises Target

By | November 27, 2013

Scalper1 News

Web travel firm Expedia’s (EXPE) expanding opportunities in the metasearch market prompted FBR Capital Markets on Wednesday to raise its price target to 70 from 65, while keeping an outperform rating on Expedia stock. FBR analyst Jake Fuller said in a research note that he sees “an increase in the assumed value” of Expedia’s Dusseldorf, Germany-based metasearch hotel website Trivago “given the rising value of metasearch.” Metasearch websites Scalper1 News

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