BTIG analyst Jake Fuller raised the firm’s price target on Expedia to $175 from $150 and keeps a Buy rating on the shares. The firm notes that the company’s trends have turned “more stable” since July, placing Expedia on track with its guidance, the analyst tells investors in a research note. BTIG adds that the company’s long-term perspective is also “firming”, with better competitive narrative as it exits a multi-year makeover with better cost structure and under the leadership of a new CEO.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See Insiders’ Hot Stocks on TipRanks >>

Read More on EXPE:

• Despegar.com, Expedia announce new Lodging Outsourcing Agreement

• SAP under DOJ probe, Adobe sees record holiday season sales: Morning Buzz

• GM, Ford and Rivian downgraded: Wall Street’s top analyst calls

• TD downgrades Expedia on longer than expected turnaround

• Expedia downgraded to Hold from Buy at TD Cowen