Pricey Priceline Panned, Eschewed Expedia Extolled in Travel Stock Wars

Citi’s Mark Mahaney rode Priceline (PCLN) to victory in Q1, betting on the “counter-cyclical” appeal of bargain travel prices. But now Priceline’s gone to the moon, so Mahaney is pulling his chips and placing them on the once-dog Expedia (EXPE), which reported a “surprisingly healthy” Q1 yesterday. Mark does trim his EXPE target, however.

FROM CLUSTERSTOCK:

Moonshot Priceline Cut at Citi: Too Pricey
Expedia, Once Dog, Now Top Pick After “Surprising” Q1

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