Market Overview

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

Share:
Related OWW
Benzinga's Volume Movers
Wait On The Sidelines Before Online Travel Earnings: Morgan Stanley
Expedia's Troubled Merger Doesn't Hold Stock Back (Investor's Business Daily)

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
Jul 2015UBSDowngradesNeutralSell
May 2015Guggenheim SecuritiesInitiates Coverage onNeutral
Feb 2015Goldman SachsUpgradesSellNeutral

View More Analyst Ratings for OWW
View the Latest Analyst Ratings

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

 

Related Articles (OWW)

Get Benzinga's Newsletters