Wednesday, November 28, 2012

Chart of the Day - Expedia (EXPE)

The "Chart of the Day" is Expedia (EXPE), which showed up on Monday's Barchart "All-Time High" list. Expedia on Monday posted a new all-time high of $61.48 and closed +0.58%. TrendSpotter has been long since last Tuesday at $59.29. In recent news on the stock, Barclays on Nov 20 upgraded Expedia to Equal Weight from Underweight and raised its target to $60 from $52 due to improving business fundamentals and strategy. Susquehanna on Oct 26 reiterated its Positive rating on Expedia and raised its target to $69 from $60 due to positive Q3 results and higher bookings. Cowen on Oct 26 reiterated its Outperform rating on Expedia. Lazard Capital on Oct 26 raised its rating to Buy from Neutral on Expedia and raised its target to $70. RBC Capital on Oct 26 reiterated its Outperform rating and raised its target to $70 from $59. Expedia (EXPE), with a market cap of $8 billion, is one of the world's leading travel services companies.

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