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
