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Stock Market & Financial Investment News

News Breaks
February 27, 2013
05:50 EDTPCLNpriceline.com price target raised to $800 from $756 at Piper Jaffray
Piper Jaffray believes priceline.com reported strong Q4 results with accelerating bookings growth. The firm raised its price target for shares to $800 and maintains an Overweight rating on the name.
News For PCLN From The Last 14 Days
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March 31, 2015
11:12 EDTPCLNPriceline rises after Stifel says European macro risks already priced in
The shares of online travel agency Priceline (PCLN) are advancing in a down market after Stifel upgraded the stock, saying that the European macro economic risks faced by the company are priced into the shares at current levels, while the stock's valuation is compelling. WHAT'S NEW: The macro economic risks that Priceline faces in Europe are already priced into the stock, Stifel analyst Scott Devitt wrote in a note to investors earlier today. Following the stock's recent underperformance spurred by this risk and worries about the stock's valuation, the shares' risk/reward ratio has become attractive, Devitt believes. If the economic situation in Europe improves, Priceline's stock could rise, Devitt said. Citing Priceline's estimated 5% 2015 free cash flow yield, its newly initiated $3B share repurchase program, and its consistent profitable organic growth, the analyst wrote that the company has strong fundamentals and favorable shareholder policies. Moreover, the combination of Priceline's leverage to improvement in Europe, its leading position in its industry, and its compelling valuation make the company unique among mature, growing large-cap Internet companies, according to the analyst, who set a $1,400 price target on the shares. OTHERS TO WATCH: Other companies in Priceline's sector include Expedia (EXPE) and Orbitz (OWW). PRICE ACTION: In mid-morning trading, Priceline rose 2% to $1,172.
10:01 EDTPCLNOn The Fly: Analyst Upgrade Summary
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07:06 EDTPCLNPriceline upgraded to Buy from Hold at Stifel
As previously reported, Stifel upgraded Priceline to Buy from Hold. The firm views risk/reward as attractive given recent underperformance related to European macro risk and free-cash-flow valuation. Stifel believes reset expectations provide provide potential upside from positive surprises and established a $1,400 price target.
06:24 EDTPCLNPriceline upgraded to Buy from Hold at Stifel
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March 20, 2015
07:00 EDTPCLNPriceline bookings tracking towards upper end of guidance, says Cantor
After conducting checks on global search traffic to Booking.com and other Priceline brands through mid- March, Cantor thinks the checks suggest that the company's bookings are tracking towards the upper end of management's guidance this quarter. The firm keeps a $1,360 price target and Buy rating on the shares.
March 18, 2015
06:02 EDTPCLNPriceline shares inexpensive 'by many measures,' says Piper Jaffray
Piper Jaffray says its conclusion from several valuation analyses is that shares of Priceline are inexpensive "by many measures." When compared to a comp group of hotel companies, the stock trades at a "material discount," Piper states. It believes shares are worth in excess of its $1,375 price target. The firm reiterates an Overweight rating on the name.

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