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
|May 2015||Guggenheim Securities||Initiates Coverage on||Neutral|
|Apr 2015||Argus Research||Initiates Coverage on||Buy|
|Mar 2015||Stifel Nicolaus||Upgrades||Hold||Buy|
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