UPDATE: Cantor Fitzgerald Raises PT on Priceline.com, Growth Stronger Than Expected
In a report published Wednesday, Cantor Fitzgerald reiterated Priceline.com (NASDAQ: PCLN) with a Buy rating and raised the price target from $750 to $800 on solid booking growth.
Cantor Fitzgerald reported that, “Stronger-than-expected growth in international bookings and 1Q outlook demonstrate that PCLN's efforts to gain market share in Asia-Pac/LatAm through aggressive investments (in advertising, personnel, etc.) are paying off even as its core European market continues to perform well in a challenging macro climate."
Priceline.com shares closed at $678.49 on Tuesday.
Latest Ratings for PCLN
|Sep 2014||Evercore Partners||Downgrades||Overweight||Equal-weight|
|Aug 2014||Stifel Nicolaus||Initiates Coverage on||Buy|
|Aug 2014||Credit Suisse||Maintains||Outperform|
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