Wendy Boyd
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Expedia Analyst Stays Positive On Strength Of Long-Term Story

Expedia Inc EXPE shares are sharply lower Friday in reaction to its quarterly results released after the market close Thursday.

Commenting on the results, UBS said, despite the short-term headwinds as the company invests for growth, it is constructive on the long-term opportunity. The firm maintains its Buy rating on the shares of the company but lowered its price target for the shares from $170 to $154. Read more

The price will try to go up to close the gap.