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Pastimes : Home on the range where the buffalo roam

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To: Sig who wrote (13369)	5/1/2001 1:01:34 PM
From: solihull	Read Replies (1) of 13572

EXPE upgraded NEW YORK, May 1 (Reuters) - Prudential Securities said on Tuesday it increased its price target on Web travel company Expedia Inc. (EXPE.O) to $35 from $24 after the company reported fiscal third-quarter earnings. ``Expedia reported impressive fiscal third-quarter results,''analyst Mark Rowen said in a research note, including achieving positive cash earnings per share five quarters ahead of expectations. Expedia's operating margins continue to improve as it grows, and should for the next several years, Rowen said. It also gained share from archrival Travelocity.com Inc. (TVLY.O). Prudential reiterated its strong buy rating on the shares, which closed Monday at $26.01 per share.

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