Morgan Stanley Reiterates on Priceline.com on Room for Further Upside

In a report published Tuesday, Morgan Stanley analyst Scott Devitt reiterated an Overweight rating and $1,150.00 price target on

. In the report, Morgan Stanley noted, “Although recent stock performance has been strong, we see room for further upside on a solid CQ3. We expect PCLN to beat the high-end of its int'l (ex FX) bookings growth guidance of 37% Y/Y and operating income deleverage to come in at 200bps (low-end of guide), leading to EPS growth of +30% Y/Y.” Priceline.com closed on Monday at $1,070.57.