Expedia price target raised to $200 from $180 at Benchmark

Benchmark raised the firm’s price target on Expedia (EXPE) to $200 from $180 and keeps a Buy rating on the shares. Expedia “turned 3Q fears into cheers” by posting the strongest room-night growth in the online travel group, up 9% year-over-year, the analyst tells investors. Perhaps as importantly, the narrative around Vrbo and international continued to improve, suggesting that the momentum is sustainable, the analyst added.