Morgan Stanley is Encouraged by Solid Expedia 4Q Results

In a report published Friday, Morgan Stanley analyst Scott Devitt reiterated an Equal-Weight rating on Expedia (NASDAQ: EXPE ). In the report, Morgan Stanley noted, “Expedia reported a clean quarter with solid performance across the board. Domestic and international booking growth accelerated sequentially to 19% Y/Y and 24% Y/Y, outperforming