Benchmark Downgrades Orbitz Worldwide To Hold, Lowers PT To $5 (OWW)

Benchmark downgraded its Orbitz Worldwide

rating to Hold from Buy and lowered Orbitz Worldwide's price target to $5 from $9 in a research report published today. In the report, Benchmark states, "We lower our rating on Orbitz (OWW-Hold, PT from $9 to $5) from Buy to Hold given its lack of profit growth potential in 2011 which is reflected in our lowered forecast. We estimate 5% 2011 revenue growth to almost $800 million, 6% EBITDA growth to $170 million, EPS of $0.38 and free cash flow per share of $0.90." Shares of Orbitz Worldwide were at $4.74 in pre-market trading at the time of posting, down 1.46% from Thursday's market close.