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FBR Capital Markets Says Accelerating Listings Growth Bodes Well for in 4Q

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In a report published Tuesday, FBR Capital Markets analyst Jake Fuller reiterated an Outperform rating and $1,300.00 price target on (NASDAQ: PCLN).

In the report, FBR Capital Markets noted, “Our latest survey shows accelerating growth at and that bodes well for 4Q and should increase confidence in Priceline's ability to sustain growth. Highlights: (1) hotel count on has already exceeded our 4Q estimate with a month left to go; (2) the incremental hotels above our target could potentially be worth $0.15 to 4Q EPS, and (3) accelerating growth in listings should help ease concern over whether Priceline has hit the wall.” closed on Monday at $1,188.50.

Posted-In: FBR Capital Markets Jake FullerAnalyst Color Reiteration Analyst Ratings


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