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

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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
May 2015Guggenheim SecuritiesInitiates Coverage onNeutral
Feb 2015Goldman SachsUpgradesSellNeutral
Nov 2014Credit SuisseInitiates Coverage onNeutral

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

 

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