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

February 27, 2013 10:42 AM EST Send to a Friend
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Price: $1,208.36 --0%

Rating Summary:
    27 Buy, 1 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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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.




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