Stifel Nicolaus Initiates Priceline With Buy

Analysts at Stifel Nicolaus initiated coverage on shares of Priceline Group

with a Buy rating. The target price for Priceline is set to $1600. Priceline Group shares have surged 37.70% over the past 52 weeks, while the S&P 500 index has gained 14.74% in the same period. Priceline shares gained 0.44% to $1,300.03 in pre-market trading.