TD Cowen upgrades Despegar to 'hold' on Prosus buyout deal

Investing.com2024-12-25

Investing.com -- TD Cowen upgraded Despegar.com Corp (NYSE:DESP) to "hold" from "sell" after the Latin American online travel firm agreed to be acquired by Prosus (OTC:PROSF) for $19.50 per share in ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2494031973?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-12-25 00:43","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2494031973","market":"us","top_or_hot":-1,"title":"TD Cowen upgrades Despegar to 'hold' on Prosus buyout deal","media":"Investing.com","content":"<div>\n<p>Investing.com -- TD Cowen upgraded Despegar.com Corp (NYSE:DESP) to \"hold\" from \"sell\" after the Latin American online travel firm agreed to be acquired by Prosus (OTC:PROSF) for $19.50 per share in ...</p>\n\n<a href=\"https://finance.yahoo.com/news/td-cowen-upgrades-despegar-hold-164344423.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>TD Cowen upgrades Despegar to 'hold' on Prosus buyout deal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTD Cowen upgrades Despegar to 'hold' on Prosus buyout deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-25 00:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/td-cowen-upgrades-despegar-hold-164344423.html><strong>Investing.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investing.com -- TD Cowen upgraded Despegar.com Corp (NYSE:DESP) to \"hold\" from \"sell\" after the Latin American online travel firm agreed to be acquired by Prosus (OTC:PROSF) for $19.50 per share in ...</p>\n\n<a href=\"https://finance.yahoo.com/news/td-cowen-upgrades-despegar-hold-164344423.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TD","symbol_name":"道明银行","start_time":0,"source_url":"https://finance.yahoo.com/news/td-cowen-upgrades-despegar-hold-164344423.html","article_id":"2494031973","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2494031973","pubTimestamp":1735058624,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Investing.com --TD Cowen upgraded Despegar.com Corp  to \"hold\" from \"sell\" after the Latin American online travel firm agreed to be acquired by Prosus  for $19.50 per share in cash.The deal, representing a 33% premium to Despegar's Friday close, values the company at 26 times its expected 2025 earnings.TD Cowen noted that the valuation is high relative to peers but reflects potential synergies in cost and cross-selling.Despegar, an online travel platform with a strong presence in Latin America, has faced headwinds recently due to macroeconomic and currency pressures in Brazil. The deal price reflects a turnaround opportunity amid slowing growth relative to industry peers, TD Cowen noted.Expedia , which owns an 11.4% stake in Despegar, will benefit from the deal but is not expected to make a competing offer, according to TD Cowen. The company has a long-term supply partnership with Despegar, contributing $405 million in gross booking volume in 2023, or 0.4% of Expedia's total.Starbucks ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"TD":"道明银行","EXPE":"Expedia","DESP":"Despegar.com Corp.","COWN":"高宏集团"},"translate_title":"TD Cowen将Despegar升级为“持有”Prosus收购交易","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"COWN":1,"TD":1,"DESP":0.9,"EXPE":0.9},"content_text":"Investing.com -- TD Cowen upgraded Despegar.com Corp (NYSE:DESP) to \"hold\" from \"sell\" after the Latin American online travel firm agreed to be acquired by Prosus (OTC:PROSF) for $19.50 per share in cash.\nThe deal, representing a 33% premium to Despegar's Friday close, values the company at 26 times its expected 2025 earnings.\nTD Cowen noted that the valuation is high relative to peers but reflects potential synergies in cost and cross-selling.\nDespegar, an online travel platform with a strong presence in Latin America, has faced headwinds recently due to macroeconomic and currency pressures in Brazil. The deal price reflects a turnaround opportunity amid slowing growth relative to industry peers, TD Cowen noted.\n Expedia (NASDAQ:EXPE), which owns an 11.4% stake in Despegar, will benefit from the deal but is not expected to make a competing offer, according to TD Cowen. The company has a long-term supply partnership with Despegar, contributing $405 million in gross booking volume in 2023, or 0.4% of Expedia's total.\nRelated Articles\nTD Cowen upgrades Despegar to 'hold' on Prosus buyout deal\nStarbucks strike to expand to over 300 US stores on Christmas Eve, union says\nApple seeks to participate in Google's US antitrust trial, Reuters reports","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.2","shortVersion":"4.30.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2494031973"}