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Stock Market & Financial Investment News

News Breaks
April 1, 2014
10:11 EDTPCLNPriceline gaps open, spikes higher, levels to watch
Shares are up over 3% to 1231.28 at time of writing as price climbs higher from an initial gap up in price. At current price, next resistance is at $1236.62. Support is at $1225.13.
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.

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