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Expedia’s (EXPE) improving hotel bookings and profit margins prompted Cowen and Co. Monday to raise its price target on the Web travel firm’s stock to 90 from 80, as Expedia stock touched another record high. Analysts Kevin Kopelman and Andrew Marok, in a research report, noted that Expedia’s Q2 earnings late Thursday beat views most notably in profitability in the 35% year-over-year growth in EBITDA, or earnings before interest, taxes, Scalper1 News
Scalper1 News