Market Overview

UPDATE: Jefferies Reiterates Buy Rating, Raises PT on Priceline.com on Solid Q4, Accelerating Trends

Share:
Related PCLN
Priceline Plunges After Goldman Sachs Downgrade
Benzinga's Top Downgrades
TripAdvisor Surprises, Joins Expedia In Bolstering Sector (Investor's Business Daily)

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

DateFirmActionFromTo
Jan 2016Goldman SachsDowngradesBuyNeutral
Jan 2016Deutsche BankMaintainsHold
Jan 2016Wells FargoInitiates Coverage onMarket Perform

View More Analyst Ratings for PCLN
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings

 

Related Articles (PCLN)

Get Benzinga's Newsletters