Deutsche Bank Maintains Hold on Expedia (EXPE)

Deutsche Bank released its report yesterday on Expedia EXPE, maintaining Hold. In a note to clients, Deutsche Bank writes, "American Airlines and Expedia announced today that they have reached a memorandum of understanding that will allow the companies to resume business together. While this supplier agreement should help alleviate marketing spend in 2Q vs. 1Q, concerns with Google Places (SEO placement) on TripAdvisor, and potential competitive landscape chance with Google ITA, we maintain our HOLD rating on shares." At the time of posting, shares of EXPE were trading pre-market at $23.57, up 5.08% from Monday's close.