UPDATE: Jefferies Raises PT on Priceline.com Ahead of Expected Positive Trends
In a report published Tuesday, Jefferies analyst Brian Fitzgerald reiterated a Buy rating on Priceline.com (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.”
Priceline.com closed on Monday at $911.66.
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