Expedia price target raised to $135 from $120 at Oppenheimer

Oppenheimer raised the firm’s price target on Expedia to $135 from $120 on valuation gaping back towards historical range on greater EBITDA visibility. The firm also notes that sentiment is flipped more positive recently on buyside data supporting upside to lodging bookings, operational improvements and attractive valuation. Oppenheimer keeps an Outperform rating on the shares.