TD Cowen upgrades Despegar to 'hold' after Prosus buyout deal, reflecting potential synergies.

From Investing.com: 2024-12-24 11:33:44

TD Cowen upgraded Despegar.com Corp to “hold” from “sell” after Prosus agreed to acquire the Latin American online travel firm for $19.50 per share in cash, a 33% premium to Friday’s close. The deal values Despegar at 26 times expected 2025 earnings, reflecting potential synergies in cost and cross-selling. Expedia, with an 11.4% stake, stands to benefit from the deal.



Read more at Investing.com: TD Cowen upgrades Despegar to ‘hold’ on Prosus buyout deal By Investing.com