BUZZ-Truist starts coverage on Booking Holdings, Expedia with 'hold'

Reuters2024-09-06

(Updates)

** Truist Securities starts coverage on online travel agencies Booking Holdings and Expedia with "hold" rating

** Brokerage sets $4,100 PT on BKNG and $148 on EXPE

** Truist warns of decelerating leisure travel growth; says U.S. consumers seek "value play" vacations, cut back on travel spending

** BKNG up 6.6% YTD, while EXPE down ~11%; Dow Jones U.S. Consumer Services index up 11.81% so far this year

(Reporting by Aishwarya Jain in Bengaluru)

((Aishwarya.Jain@thomsonreuters.com))

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