Jefferies Initiates Coverage on Travelzoo with a Buy Rating
According to Jefferies, Travelzoo (NASDAQ: TZOO) coverage is initiated with a Buy rating.
Jefferies said that it initiating with a Buy rating that reflects growth potential in local deals. “Our $35 PT is DCF-derived. Risks: economic slowdown and competition. “
Travelzoo closed yesterday at $27.89.
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