Analysts: Expedia Deal Is in Line with Strategy and 3 More Research Notes to Browse

Expedia¬†(NASDAQ:EXPE):¬†Cowen points out that the synergies of the deal between Expedia and Travelocity are consistent with the company’s affiliate network strategy rather than a lack of confidence in its own growth prospects. Cowen estimates the synergies at roughly $180 million in 2014, which could be split evenly between the two companies. The shares of Expedia are Outperform rated with a $60 price target.