Online travel company, Expedia Inc(EXPE) was upgraded to “Neutral” by Credit Suisse.
Analysts at Credit Suisse have upgraded Expedia to “Neutral” with a price target of $60. This price suggests a 8.9% increase from the stock’s current price of $54.66, and a 51.6% increase from the stock’s YTD price of $29.02.
The rating boost was a result of higher conversion rates.
Expedia shares were mostly flat during premarket trading Wednesday.
The Bottom Line
Shares of Expedia (EXPE) have a .95% dividend yield, based on last night’s closing stock price of $54.66. The stock has technical support in the $47-$50 price area. If the shares can firm up, we see overhead resistance around the $59-$60 price levels.
Expedia(EXPE) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.