Goldman Loves Expedia, Pans Priceline.com (EXPE, PCLN)

Posted in pre-market 
April 13th, 2010

What to do when you see a pairs trade unfold???  Goldman Sachs has come out this morning and said it prefers Expedia Inc. (NASDAQ: EXPE) over Priceline.com Inc. (NASDAQ: PCLN).  Goldman Sachs raised Expedia to its prestigous Conviction Buy List with a $31 target, Priceline.com was cut to Neutral from Buy but its target was raised to $275 in the call.  At 8:33 AM EST we have Expedia up over 5% at $26.55 on only about 40,000 shares, while Priceline.com is down just over 2% at $254.96 on rather thin trading volume.

JON OGG

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