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Stock Market & Financial Investment News

News Breaks
March 25, 2014
12:35 EDTEXPE, PCLN, AWAYAnalyst downplays near-term threat to HomeAway from AirBnB
AirBnB, which connects travelers with non-traditional lodging options, does not pose a near-term threat to either HomeAway (AWAY) or online travel agencies, FBR Capital contended in a note to investors earlier. WHAT'S NEW: After media outlets reported that AirBnB was seeking to raise $400M-$500M at a company valuation of $10B, some are concerned about whether the company will hurt HomeAway or online travel agents, FBR Capital analyst Jake Fuller wrote. AirBnB - which matches travelers with spare apartments and rooms, as well as more exotic lodging options - operates in different markets than HomeAway, Fuller explained. AirBnB focuses primarily on urban locations, while HomeAway concentrates on enabling travelers to stay at peoples' second homes in vacation locations, the analyst wrote. Meanwhile, AirBnB is probably increasing the number of travelers who utilize traditional lodging options offered by the online travel agencies, the analyst stated. While that could change in the future as AirBnB looks to enhance the appeal of shared accommodations, the company does not threaten Expedia (EXPE) and priceline.com (PCLN) in the near-term, according to Fuller. He kept a Market Perform rating on HomeAway and Outperform ratings on Expedia and Priceline. PRICE ACTION: In early afternoon trading, HomeAway fell 2.5% to $38.54, Expedia slid 0.9% to $71.65, and priceline.com lost about 1% to trade near $1,214.
News For AWAY;PCLN;EXPE From The Last 14 Days
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January 26, 2015
12:08 EDTPCLNPriceline price target lowered to $1,235 from $1,360 at Atlantic Equities
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12:00 EDTEXPEExpedia resumed with a Neutral at Janney Capital
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January 23, 2015
09:03 EDTEXPEExpedia and Sabre announce Expedia's acquisition of Travelocity
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07:21 EDTPCLN, EXPE, AWAYDeutsche cautious on travel stocks into Q4 results
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January 20, 2015
14:09 EDTEXPE, PCLNOrbitz jumps after Bloomberg says company may be exploring sale
Shares of online travel agency Orbitz Worldwide (OWW) are jumping after Bloomberg reported that the company is exploring the possibility of selling itself. In a note to investors on January 7, research firm FBR Capital wrote that the company could be acquired for over $10 per share, WHAT'S NEW: Orbitz is exploring a potential sale and private equity firms have expressed interest in acquiring the online travel agency, Bloomberg reported today. ANALYST VIEW: On January 7, research firm FBR Capital estimated that Orbitz could be acquired for $10.27 per share. The firm noted that a trade publication, Tnooz.com, had reported that Orbitz could be considering selling itself. Expedia (EXPE) and Priceline (PCLN) could each pay a premium of 30%-plus for Orbitz and still see their profits rise from the acquisition, FBR added. It kept a $9 price target and Outperform rating on Orbitz. PRICE ACTION: In mid-afternoon trading, Orbitz climbed 69c, or 7.5%, to $9.85.
13:51 EDTEXPE, PCLNOrbitz draws private equity interest as sale explored, Bloomberg says
Orbitz Worldwide (OWW) is working with an adviser to contact potential buyers and has drawn interest from private-equity funds and "other Internet companies," according to Bloomberg, citing people with knowledge of the matter. Shares of Orbitz are up over 10% after the report, while several other names in the online travel space, such as Priceline (PCLN), Expedia (EXPE), and TripAdvisor (TRIP) are also moving. Reference Link
13:43 EDTEXPE, PCLNExpedia, TripAdvisor tick higher after report on Orbitz sale exploration
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January 16, 2015
08:44 EDTEXPEExpedia may have to pay $180M for Travelocity, says FBR Capital
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07:21 EDTEXPESabre sale of Travelocity to Expedia would be win for both, says Oppenheimer
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January 13, 2015
10:00 EDTAWAYOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: American Midstream Partners (AMID) initiated with a Buy at Wunderlich... Ameriprise (AMP) initiated with a Buy at Deutsche Bank... Applied DNA Sciences (APDN) initiated with a Buy at Maxim... Axalta Coating (AXTA) initiated with an Outperform at RW Baird... Bellicum Pharmaceuticals (BLCM) initiated with a Buy at Citigroup... Bonanza Creek (BCEI) initiated with a Hold at Deutsche Bank... ConocoPhillips (COP) initiated with an Underweight at JPMorgan... Core-Mark (CORE) initiated with a Buy at Jefferies... Dick's Sporting (DKS) initiated with an In-Line at Imperial Capital... Dynegy (DYN) reinstated with an Overweight at Barclays... Gannett (GCI) initiated with an Outperform at Wells Fargo... Gran Tierra (GTE) initiated with an Outperformer at CIBC... HomeAway (AWAY) initiated with an Outperform at RBC Capital... Juno Therapeutics (JUNO) initiated with a Neutral at Goldman... MakeMyTrip (MMYT) initiated with a Buy at BofA/Merrill... PDC Energy (PDCE) initiated with a Hold at Deutsche Bank... PNC Financial (PNC) initiated with a Hold at Evercore ISI... Proofpoint (PFPT) initiated with a Buy at Summit Research... Sensata (ST) initiated with a Buy at Stifel... Southcross Energy Partners (SXE) initiated with a Buy at Wunderlich... Suncor (SU) initiated with an Overweight at JPMorgan... U.S. Bancorp (USB) initiated with a Hold at Evercore ISI... United Financial (UBNK) initiated with a Sector Perform at RBC Capital... Vantiv (VNTV) initiated with an Outperform at Keefe Bruyette... Wells Fargo (WFC) initiated with a Hold at Evercore ISI.
06:35 EDTAWAYHomeAway initiated with an Outperform at RBC Capital
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