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MKM Partners downgrades Expedia on growth concerns

MKM Partners analyst Rob Sanderson downgraded his rating on Expedia Inc. shares to "neutral" from "buy," Benzinga reported Dec. 7.

The analyst, who also lowered his price target on Expedia stock to $115 from $170, cited growth concerns and "cyclical and structural uncertainties" for online travel agencies in the coming quarters, according to the report.