Paris Terrorism Could Impact European Travel, Thus Priceline (PCLN) - Janney Capital

Janney Capital analyst Brian McGill said the Paris terrorist attacks suggests risk to global travel, which could have negative implications for The Priceline Group (NASDAQ: PCLN).

"The horrific episode of terrorism highlights the risks involved with the global travel companies," McGill commented. "Within our coverage universe, PCLN has the most at stake with the expected weakness in the European hotel sector going forward. We estimate that PCLN will realize over 300 million room nights in Europe in 2016."

The firm maintained a Neutral rating and fair value price target of $1,225.00

For an analyst ratings summary and ratings history on The Priceline Group click here. For more ratings news on The Priceline Group click here.

Shares of The Priceline Group closed at $1297.75 yesterday.

You May Also Be Interested In

• Midday movers: Meta, IBM, Caterpillar fall; Chipotle rises
• MarineMax (HZO) PT Lowered to $35 at Stifel
• TechnipFMC (FTI) PT Raised to $30 at BTIG