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UPDATE: Cantor Fitzgerald Raises PT on Priceline.com, Growth Stronger Than Expected

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In a report published Wednesday, Cantor Fitzgerald reiterated Priceline.com (NASDAQ: PCLN) with a Buy rating and raised the price target from $750 to $800 on solid booking growth.

Cantor Fitzgerald reported that, “Stronger-than-expected growth in international bookings and 1Q outlook demonstrate that PCLN's efforts to gain market share in Asia-Pac/LatAm through aggressive investments (in advertising, personnel, etc.) are paying off even as its core European market continues to perform well in a challenging macro climate."

Priceline.com shares closed at $678.49 on Tuesday.

Latest Ratings for PCLN

DateFirmActionFromTo
Jan 2017MKM PartnersInitiates Coverage OnBuy
Jan 2017MKM PartnersInitiates Coverage OnBuy
Jan 2017CitigroupInitiates Coverage OnBuy

View More Analyst Ratings for PCLN
View the Latest Analyst Ratings

Posted-In: Canter FitzgeraldAnalyst Color Price Target Analyst Ratings

 

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