Expedia price target lowered to $117 from $140 at Barclays

Barclays lowered the firm’s price target on Expedia to $117 from $140 and keeps an Overweight rating on the shares. Barclays Card online lodging year-over-year spending trends peaked in January and worsened throughout Q1, the analyst tells investors in a research note. Furthermore, the trends continued into the first week of April, says the firm. It remains cautious on the online travel space in the near term and recommends waiting for estimates to come down post prints before re-evaluating.