Morgan Keegan Downgrades Expedia To Market Perform

According to Morgan Keegan, Expedia EXPE is downgraded to Market Perform. Morgan Keegan reported that a separation offers the potential to realize more value from TripAdvisor but risks affecting the OTA business' revenue margins and competitiveness. “With shares indicated at ~$26 in the after market, we maintain our $26 PT and are downgrading to Market Perform.” Expedia closed yesterday at $22.40.