Expedia price target raised to $163 from $148 at Truist

Truist analyst Gregory Miller raised the firm’s price target on Expedia (EXPE) to $163 from $148 and keeps a Hold rating on the shares as part of a broader research note on Short Term Rentals / Online Travel names. The firm points to continued relative travel strength in Europe and Asia-Pacific ex-China. Truist also notes that U.S. domestic travel is still sluggish under an unfavorable FX but with easing comps in vacation rentals, which is a positive for Expedia’s Vrbo, the analyst tells investors in a research note.