UPDATE: Jefferies Reiterates Buy Rating, Raises PT on Priceline.com on Solid Q4, Accelerating Trends
In a report published Wednesday, Jefferies reiterated its Buy rating on Priceline.com (NASDAQ: PCLN), and raised its price target from $780.00 to $820.00.
Jefferies noted, “Priceline reported solid Q4 on accelerating hotel and car rental unit growth. All key geographies performed well (including better-than-expected showing from Europe). We are increasing slightly our estimates and setting a new PT of $820.”
Priceline.com closed on Tuesday at $678.49.
Latest Ratings for PCLN
|Jan 2016||Goldman Sachs||Downgrades||Buy||Neutral|
|Jan 2016||Deutsche Bank||Maintains||Hold|
|Jan 2016||Wells Fargo||Initiates Coverage on||Market Perform|
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.