Expedia shares are trading lower after Barclays downgraded the stock from Overweight to Equal-Weight but raised its price target from $136 to $150.
Portfolio Pulse from Benzinga Newsdesk
Expedia's stock (EXPE) trades lower following a downgrade by Barclays from Overweight to Equal-Weight, despite an increase in the price target from $136 to $150.

December 12, 2023 | 7:46 pm
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NEGATIVE IMPACT
Barclays downgraded Expedia from Overweight to Equal-Weight, causing the stock to trade lower, but raised the price target from $136 to $150.
The downgrade by Barclays suggests a neutral outlook, implying that the stock's performance may align with the market, which can lead to a decrease in investor enthusiasm and a potential short-term drop in stock price. However, the increase in the price target indicates a positive long-term perspective, which might mitigate the negative impact to some extent.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100