Shares of online travel services companies rallied Tuesday, after suffering sharp losses amid concerns over the fallout from the U.K. vote to leave the European Union. Expedia Inc.’s stock ran up 2.8% in morning trade, after tumbling 10% over the past two sessions while the S&P 500 was falling 5.3%. Shares of Priceline Group Inc. surged 2%, Sabre Corp. gained 1% and TripAdvisor Inc. rose 1.6%; over the past two sessions, Priceline’s stock plunged 15%, Sabre shares shed 5.7% and TripAdvisor’s dropped 9%. Of the four, Pacific Crest analyst Brad Erickson said Sabre shares are “the most attractive and defensive” after Brexit, given that its exposure to the U.K. was “almost immaterial.” He said the other three stocks, which he rates sector weight, are now more attractive after the Brexit-related selloff. Of the three, Erickson said he prefers Expedia.
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