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Credit Suisse Initiates Coverage on Orbitz Worldwide On Hotel Segment Focus

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In a report released Friday, Credit Suisse analyst Dean Prissman initiated coverage on Orbitz Worldwide (NYSE: OWW), giving the car rental service a Neutral rating with a price target of $10.50 a share.

Analysts at Credit Suisse favor Orbitz for being highly competitive in OTA segment domestically and for shifting its focus on its hotel segment.

Prissman projects upside for Orbitz with its new loyalty incentive program. Orbitz incentives are projected to increase returns with LTV, hotel segment growth, and a through its new mobile platform.

Latest Ratings for OWW

DateFirmActionFromTo
Feb 2015Goldman SachsUpgradesSellNeutral
Nov 2014Credit SuisseInitiates Coverage onNeutral
Nov 2014Cantor FitzgeraldMaintainsHold

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View the Latest Analyst Ratings

Posted-In: Credit Suisse Dean PrissmanAnalyst Color Initiation Analyst Ratings

 

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