Expedia (EXPE) shares closed meaningfully lower on Sept. 16 after a senior Morgan Stanley ******* yst, Brian Nowak, downgraded the travel technology company to "Underweight." In his research note, Nowak ******* igned a $235 price target to EXPE, indicating it could sink another 20% from current levels.
His bearish call is significant given Expedia stock has already been in a downtrend, with its price currently trailing the recent high by about 15%.
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