UPDATE: Morgan Stanley Upgrades HomeAway to Overweight on Revenue Per Listing
March 21, 2013 at 08:03 AM EDT
In a report port published by Morgan Stanley, analyst Scott Devitt upgraded HomeAway (NASDAQ: AWAY ) from Equal-weight to Overweight and raised the price target from $30 to $36. Morgan Stanley reported that, “Pay-per-booking (PPB) could be a meaningful revenue contributor: We think the launch of PPB this summer