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Expedia Inc. (NASDAQ:EXPE): Current Price: $65.76
Benchmark Co. decided to increase its price target on the stock due to the company’s strong Q4 results and it has reiterated its Buy rating. The firm is convinced that investors should be willing to accept near-term margin compression from higher spending for an anticipated rise in the company’s global market penetration and it reiterates its Buy rating on the stock.
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