Expedia dips after Mizuho trims PT, citing weaker peer multiples

Shares of online travel platform Expedia EXPE.O down nearly 2% at about $209 in morning trading after Mizuho cuts PT

Mizuho trims PT to $245 from $270, maintains "neutral" rating

New PT still implies an upside of 14.9% from stock's last close

Brokerage says although the company's stock looks undervalued after the pullback, it sees better opportunities elsewhere and is reducing its valuation view due to weaker peer multiples

Of 38 brokerages tracking the stock, 15 rate it "buy" or higher and 23 "hold" ; their median PT is $263 - data compiled by LSEG

As of last close, stock down 24.7% YTD