Barclays Downgrades Expedia Group to Equal-Weight, Raises Price Target to $150
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Mario Lu downgraded Expedia Group (NASDAQ:EXPE) from Overweight to Equal-Weight but increased the price target from $136 to $150. The adjustment reflects a more neutral stance on the stock while acknowledging potential for some price appreciation.
December 12, 2023 | 10:56 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Barclays downgraded Expedia Group to Equal-Weight, indicating a neutral outlook, but raised the price target to $150, suggesting some confidence in the company's potential for price growth.
The downgrade to Equal-Weight typically suggests that Barclays believes the stock is now fairly valued and may not outperform the market as it previously expected. However, the increase in the price target to $150 implies that Barclays still sees some upside potential for the stock, albeit less aggressively than an Overweight rating would suggest. Investors may interpret the downgrade as a sign to be more cautious, while the price target raise could still provide some optimism for stock appreciation.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100