B of A Securities Downgrades Expedia Group to Neutral, Announces $156 Price Target
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Justin Post downgraded Expedia Group (NASDAQ:EXPE) from Buy to Neutral and set a price target of $156.

February 09, 2024 | 12:17 pm
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Expedia Group was downgraded from Buy to Neutral by B of A Securities, with a new price target of $156.
Downgrades by analysts, especially from Buy to Neutral, can lead to negative investor sentiment and potentially lower stock prices in the short term. The setting of a specific price target provides a benchmark but the downgrade is the primary driver of the expected negative impact.
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IMPORTANCE 90
RELEVANCE 100