Benchmark Trims Earnings Estimate for Priceline.com (PCLN)

27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.

Benchmark analysts Frederick Moran, Clayton Moran, and Daniel Kurnos cut their EPS estimates for Priceline.com (NASDAQ: PCLN) and lowered the price target from $287 to $253.The analysts are concerned about economic turmoil in the Eurozone and a steady decline in the Euro and British pound.Encouraging signs include improving travel demand and transaction volume growth.Benchmark rates PCLN Buy, with a price target of $253.00. Priceline is currently trading at $177.88.

27% profits every 20 days?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!