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In a published report, Benchmark maintains its Buy rating and $45 target price on Travelzoo
TZOO as holidays spark local deals in December.
Benchmark says, "Travelzoo's Local Deals likely accelerated following Thanksgiving through a combination of holiday deals, extended deals and new deals. Travelzoo's Local Deals is pacing at over $14 million gross revenue for December, above our $12 million prior estimate. We raise out 4Q11 Local Deals gross revenue estimate from $34 million to $35 million (we trimmed November by $1 million), but are leaving our total company estimates unchanged. We maintain our FY11E EPS of $1.40 and 2012E EPS of $1.80."
TZOO closed at $27.62 per share on Friday.
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