Priceline Could Offer Bid For Concur, According to Stifel

could purchase

, according to Stifel. Stifel analyst Brad Reback reported that Concur may be attractive for Priceline, as the company expands its "addressable" market. The analyst remarked that Priceline's recent agreement to buy OpenTable shows the company's interest in expanding its market outside of hotel booking. Reback noted Priceline could expand its business into airline booking and corporate travel. The analyst sees "potential synergies" between Concur and Priceline. Stifel reiterated a Buy rating and $120.00 price target on Concur Technologies. Shares of both Concur and Priceline are up one percent shortly after Monday's opening bell.