BUZZ-Expedia rises after BofA upgrades stock to 'buy'

Reuters12-19

BUZZ-<a href="https://laohu8.com/S/EXPE">Expedia</a> rises after BofA upgrades stock to 'buy'

** Online travel agency Expedia's EXPE.O shares rise 1.97% to $184.2, set to snap a four-day losing streak

** BofA Securities raises rating to "buy" from "neutral" and hikes PT to $221 from $187

** New PT is a more than 22% premium to stock's last closing

** Brokerage sees early signs of improvement in U.S. bookings and travel trends, says this suggests domestic leisure travel spending could normalize in 2025

** BofA expects the company's EBITDA to grow 10% in 2025, citing improving consumer sentiment in the U.S. after the presidential elections and growing share from advertising

** Brokerage says new management team with better execution could reignite interest and drive multiple expansion

** Twelve of 38 brokerages rate the stock "buy" or higher, 26 rate "hold"; their median PT is $185

** Including session's gains, stock up more than 22% YTD

(Reporting by Sanchayaita Roy in Bengaluru)

((sanchayaita.roy@thomsonreuters.com))

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