** Wells Fargo cuts price targets on Expedia Group EXPE.O and Booking Holdings BKNG.O, citing ongoing economic uncertainty and expected impact of the Middle East conflict on travel demand through the end of the year

** Brokerage lowers its forecasts for EXPE's hotel room nights booked in both the second quarter and the second half of the year

** Wells Fargo expects BKNG to reduce its fiscal 2026 guidance and cut its FY26 EPS estimate by 3%, while leaving FY27 forecasts largely unchanged on expectations of a growth rebound

** As of last close EXPE fell ~7%, BKNG down ~15% YTD