Susquehanna Downgrades Priceline.com (PCLN) to Neutral
More News related to PCLN
- Notable Analyst Rating Changes 11/11: SMI, TOL, SFD, MCHP Upgraded; PCLN, SNV, RHIE, ADBE, SIGM, HUM Downgraded
- Priceline.com (PCLN) Trading Lower after Downgrade
- Credit Suisse Downgrades Priceline.com (PCLN) to Neutral
- Priceline.com (PCLN) Earnings Boost Other Sector Stocks Up (OWW, EXPE, TZOO)
- Unusual 11 Mid-Day Movers 11/10: UPG, CSII, SGK, MEDQ Higher; RHIE, OPXT, PRKR, MBI Lower
More News related to Downgrades
- SunTrust Downgrades CKE Restaurants (CKR) to Neutral
- Thomas Weisel Downgrades RHI Entertainment (RHIE) to Underweight; Price Target Slashed to $0.75
- Citi Downgrades Alexandria Real Estate Equities (ARE) to Hold
- RBC Capital Downgrades JA Solar (JASO) to Sector Perform
- Morgan Keegan Downgrades Zions Bancorporation (ZION) to Market Perform
Susquehanna downgrades Priceline.com (Nasdaq: PCLN) to Neutral.
Susquehanna analyst says, "We are reducing our rating on PCLN as its shares approach our price target. At current levels, we believe the risk/reward to be fairly balanced. PCLN shares have risen significantly and now discount more of the positives in the story: a resilient Name Your Own Price business, a highly variable cost structure, a declining share count and a more favorable currency environment. Though we continue to like the long-term story, we see PCLN shares as less compelling here given the macro challenges facing it and the rest of the OTA industry."
priceline.com Incorporated is an online travel company that offers its customers a range of travel services, including airline tickets, hotel rooms, car rentals, vacation packages, cruises and destination services.
Related Categories
DowngradesStocks Mentioned
-4.53Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
