Market Overview

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

Related OWW
Morning Market Losers
Orbitz Worldwide Annouces Large Stakeholder Will Sell Shares In Public Offering
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.

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

 

Most Popular

Related Articles (OWW)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters