Deutsche Bank Maintains Hold on Priceline.com (PCLN), Raises PT to $745

Article Related Articles (4) Stock Quotes (2) Comments (0)

Deutsche Bank today maintained a Hold rating on priceline.com (NASDAQ: PCLN) and raised its price target of $745.00 (from $710.00).

"The company is seeing solid bookings growth, but similar to Expedia (Nasdaq: EXPE), PCLN's business model is deleveraging from lower marketing ROI and mix to lower margin international regions. We don’t expect these trends to reverse course, which is limiting the flow through from the increased hotel volumes," said analyst Ross Sandler.

For an analyst ratings summary and ratings history on priceline.com (NASDAQ: PCLN) click here. For more ratings news on priceline.com click here.

Shares of priceline.com closed at $678.49 yesterday, with a 52 week range of $553.43-$774.96.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• UPDATE: UBS Downgrades Carnival (CCL) to Neutral; Worst May Not Be Behind
• UPDATE: Sterne Agee Downgrades Beazer Homes (BZH) to Neutral
• Jefferies Raises Numbers on hhgregg (HGG), But Remains on Sidelines

Create E-mail Alert Related Categories

Analyst Comments, Analyst EPS View, Analyst PT Change

Related Entities

Deutsche Bank

Add Your Comment

Name

Subject

Body

Share on Facebook

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