Benchmark Updates On EXPE

Benchmark has published a report updating on the state of Expedia EXPE. According to the report, "Expedia (EXPE-Hold, PT $26) should benefit as travel metrics continue to recover in the face of rising oil prices, rising airfares and a number of geopolitical issues. We believe that the broader global economic recovery remains intact which should propel the travel sector. However, Expedia's investment initiatives to remain competitive on a global scale are expected to hinder cash flow growth." EXPE has a Hold Rating and a $26.00 Price Target. EXPE closed at $21.62 yesterday.