UPDATE: J.P. Morgan raises PO on Priceline.com to $810

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According to a research report this morning, J.P. Morgan raises its PO on Priceline.com
PCLN
from $730 to $810 given a favorable travel industry and a positive outlook. J.P. Morgan explained, “Priceline shares have increased 57% YTD as the company continues to execute extremely well on early-stage growth opportunities and benefit from improving global travel trends. Priceline remains 1 of our top 2 picks in the Internet space in 2012 (along with Amazon) based on Booking.com's continued share gains in Europe along with newer growth drivers in APAC, LATAM, and the U.S.” Priceline.com closed Friday at $736.07 as J.P. Morgan reiterates its Overweight rating.
Posted In: Analyst ColorReiterationAnalyst RatingsJ.P. Morgan
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