Selloff In Priceline Shares Following Brexit Has Created Buying Opportunity

Tigress Financial analyst Ivan Feinseth reiterated a Strong Buy rating on Priceline Group Inc PCLN Thursday afternoon.

In a mid-day research note, the analyst said, "The recent selloff in reaction to the Brexit has created a buying opportunity in the world’s leading travel consolidator."

Feinseth highlighted several key points to his bull thesis:

• "Growth of key brands will continue to drive market share gains."
• "We believe current investments in new technology will payoff later."
• "International travel remains PCLN’s greatest opportunity for growth."

Priceline shares last traded at $1,246.47, up about 0.6 percent from Wednesday's close.