Cantor Fitzgerald Remains Bullish on The Priceline Group (PCLN) Following Global Checks

Cantor Fitzgerald maintains a Buy rating and $1,360.00 price target on priceline.com (NASDAQ: PCLN) following checks on global search traffic. Analyst Naved Khan says that the checks suggest positive trends for 2Q.

Khan commented, "Our checks on global Search traffic to Booking.com and other PCLN brands through June-end, coupled with higher European hotel room rates (FX-neutral) and a robust pace of new property additions (on both hotels and vacation rentals) suggest that PCLN's 2Q:15 bookings are tracking at/above the upper end of management's guidance and our expectations. We're maintaining our estimates, BUY rating and $1,360 PT."

For an analyst ratings summary and ratings history on priceline.com click here. For more ratings news on priceline.com click here.

Shares of priceline.com closed at $1107.73 yesterday.

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