Expedia price target raised to $235 from $220 at B. Riley

B. Riley raised the firm’s price target on Expedia (EXPE) to $235 from $220 and keeps a Buy rating on the shares. The company reported solid 4Q results with bookings, revenue, and EBITDA “comfortably topping” Street expectations, driven by broad-based strength in the business, the analyst tells investors in a research note. The firm says Expedia is benefiting from improving demand and strong execution.