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.
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