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UPDATE: Jefferies Raises PT on Ahead of Expected Positive Trends

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Stock Market News for April 14, 2014 - Market News

In a report published Tuesday, Jefferies analyst Brian Fitzgerald reiterated a Buy rating on (NASDAQ: PCLN), and raised the price target from $860.00 to $1,005.00.

In the report, Jefferies noted, “While global trends in the hotel industry remain uneven, continuing signs of demand revival in Europe are positive for the sector. In 2Q13, we expect good results (in line to slightly ahead of Street) from the travel names we cover. Traffic trends in the quarter point to continued solid performance from PCLN.” closed on Monday at $911.66.

Posted-In: Brian Fitzgerald JefferiesAnalyst Color Price Target Analyst Ratings


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