Expedia (EXPE) Shares Upgraded To Buy

Kaufman Bros. analyst Aaron Kessler raised his rating of Expedia, Inc. (Nasdaq: EXPE) shares from Hold to Buy, with a price target of $27.

Expedia, Inc. is an online travel company that manages several travel related businesses, such as expedia.com, hotels.com, hotwire.com and TripAdvicor.

The 52 week price range for Expedia shares is $6.31 to $27.51.

The stock closed at $21.27 on Thursday and was up nearly 1% in pre-market trading.

Despite the upgrade, shares of Expedia, Inc. fell more than 1% in early Friday trading as concerns grew that over China's attempts to cool its economy.