Expedia Upgraded; EPS Estimates Low, Says Susquehanna
Expedia (EXPE) stock was up 4% in afternoon trading in the stock market today, near 77.50, after Susquehanna Financial Group upgraded the global online travel agency to positive from neutral. The investment house also raised its price target on the stock to 90 from 79, saying Wall Street’s estimates for Expedia’s EPS in 2014 and 2015 are too conservative. “Our updated breakdown of (Expedia’s) 3 main businesses (Travelocity, Trivago, and “core”)