Market Overview

UPDATE: Ascendiant Capital Initiates Orbitz Worldwide at Buy on Multiple Positive Trends

Related OWW
Credit Suisse Assumes Coverage Of Orbitz Worldwide
Credit Suisse Comments On Online Travel Companies
Powerful Proxy Adviser Blasts Target Board Over Breach (Fox Business)

In a report published Wednesday, Ascendiant Capital analyst Edward Woo initiated coverage on Orbitz Worldwide (NYSE: OWW) with a Buy rating and $10.00 price target.

In the report, Ascendiant Capital noted, “We believe that the company's position as one of the world's leading OTAs will continue to benefit from an improving travel industry, the increasing trend towards online travel, high growth potential in international markets, and positive momentum from its ebookers European hotel business. We expect Orbitz's share price to increase over the near term as it delivers more consistent revenue and earnings growth.”

Orbitz Worldwide closed on Tuesday at $7.54.

Latest Ratings for OWW

DateFirmActionFromTo
Nov 2014Credit SuisseInitiates Coverage onNeutral
Nov 2014Cantor FitzgeraldMaintainsHold
Nov 2014BenchmarkMaintainsBuy

View More Analyst Ratings for OWW
View the Latest Analyst Ratings

Posted-In: Ascendiant Capital Edward WooAnalyst Color Initiation Analyst Ratings

 

Related Articles (OWW)

Around the Web, We're Loving...

Get Benzinga's Newsletters