BUZZ-Expedia dips after Mizuho trims PT, citing weaker peer multiples

Expedia Group +4.27%

Expedia Group

EXPE

259.18

+4.27%

** Shares of online travel platform Expedia EXPE.O down nearly 2% at about $209 in morning trading after Mizuho cuts PT

** Mizuho trims PT to $245 from $270, maintains "neutral" rating

** New PT still implies an upside of 14.9% from stock's last close

** Brokerage says although the company's stock looks undervalued after the pullback, it sees better opportunities elsewhere and is reducing its valuation view due to weaker peer multiples

** Of 38 brokerages tracking the stock, 15 rate it "buy" or higher and 23 "hold" ; their median PT is $263 - data compiled by LSEG

** As of last close, stock down 24.7% YTD


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