Goldman Sachs Downgrades Orbitz Worldwide Inc. (OWW) to Sell

March 19, 2014 6:50 AM EDT
Get Alerts OWW Hot Sheet
Price: $11.92 --0%

Rating Summary:
    5 Buy, 18 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 18 | Down: 12 | New: 9
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Goldman Sachs downgraded Orbitz Worldwide Inc. (NYSE: OWW) from Neutral to Sell with a price target of $8 calling it a source of opportunity.

Analyst Heath Terry said, "With Orbitz up 23% ytd versus the group up 5%, and the stock trading at a premium to the group on a growth relative basis, we believe Orbitz has an incrementally higher risk profile due to slowing growth as it annualizes its white label agreement with American Express, the expiration of its exclusive Kayak relationship, and contra revenue growth from its new loyalty program. We also believe the shift to mobile/meta will drive share consolidation amongst the larger OTA's multiple brands."

For an analyst ratings summary and ratings history on Orbitz Worldwide Inc. click here. For more ratings news on Orbitz Worldwide Inc. click here.

Shares of Orbitz Worldwide Inc. closed at $8.95 yesterday.

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