Benchmark Maintains Buy on Travelzoo

Benchmark is out with its report today on Travelzoo

, maintaining Buy. In a note to clients, Benchmark writes, "Travelzoo trades at 40x our 2011E EPS of $1.64 and 25x our 2012E EPS of $2.65. Travelzoo stands well-positioned to benefit from the global recovery in travel advertising and building consumer interest in Local Deals. Using a PEG of 1.5x, or 75x 2011E EPS of $1.64, our price target is $123 per share. We rate TZOO Buy." Benchmark maintains a $123 PT on TZOO. Shares of TZOO closed Tuesday at $57.99, up 4.09% from Monday's close.