Cantor Fitzgerald Expects Solid 3Q Results for Priceline Group

In a report published Tuesday, Cantor Fitzgerald analyst Naved Khan reiterated a Buy rating and $1,500.00 price target on Priceline Group PCLN. In the report, Cantor Fitzgerald noted, “We expect PCLN's 3Q results to come in-line with our expectations and towards the high-end of mgt's guidance. This is supported by our checks of worldwide traffic and hotel pricing trends during the quarter, as well as a positive read-across from Expedia's 3Q results last week. FX headwinds and caution around a potential spread of Ebola may cause mgt to adopt a somewhat conservative view of 4Q, however. We're maintaining a BUY rating and $1,500 PT into earnings.” Priceline Group closed on Tuesday at $1,206.21.