JP Morgan Maintains Neutral on Expedia Group, Lowers Price Target to $128
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Doug Anmuth maintains a Neutral rating on Expedia Group (EXPE) and lowers the price target from $136 to $128.

May 03, 2024 | 6:58 pm
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JP Morgan analyst Doug Anmuth maintains a Neutral rating on Expedia Group and lowers the price target from $136 to $128.
The reduction in price target by JP Morgan, a major financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in EXPE's stock price. The maintenance of a Neutral rating indicates that the analyst does not see significant upside or downside from the current price level, but the lowering of the price target suggests a revision of the expected stock performance, which could be interpreted negatively by the market.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100