TD Cowen Maintains Buy on Expedia Group, Lowers Price Target to $130
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Kevin Kopelman maintains a Buy rating on Expedia Group (NASDAQ:EXPE) but lowers the price target from $165 to $130.

May 03, 2024 | 8:39 pm
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TD Cowen maintains a Buy rating on Expedia Group but lowers the price target from $165 to $130.
While the Buy rating reaffirms confidence in Expedia's long-term prospects, the reduction in price target could suggest a more cautious outlook on its near-term financial performance or market conditions. This mixed signal might lead to short-term uncertainty among investors, potentially stabilizing the stock price as the market absorbs the implications.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100