ARGUS Reiterates 'Buy' Rating on Orbitz Worldwide (OWW)

September 2, 2008 11:30 AM EDT

ARGUS reiterates a 'Buy' rating on Orbitz Worldwide Inc. (NYSE: OWW). Price target $10.

ARGUS analyst says, "The company continues to benefit from strong growth in international businesses and solid progress in rolling out its global platform. New growth initiatives - including the company's first portal deal, with MSN.com - should reinvigorate revenue growth in the company's larger U.S. operations and reduce its reliance on paid search. The company also continues to successfully diversify its business mix away from air travel. Management's comments about July results support our belief that top-line growth should accelerate over the balance of 2008. We also expect the ongoing rollout of the company's global technology platform across Europe to continue to drive expense savings and spur market-share gains in overseas markets."

Orbitz Worldwide, Inc. is a global online travel company that uses technology to enable leisure and business travelers to research, plan and book a range of travel products.

Related Categories

Analyst Comments

Stocks Mentioned

Related Entities

• Argus

Add Your Comment

Name

Subject

Body

Verification can't see the text?
click here to refresh the image.
what's this?