Priceline (PCLN) Shares Push Below $700; Credit Suisse Raises Target to $811

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Shares of Priceline.com (Nasdaq: PCLN) are trading well below the $700 level for the first time in about a month Monday morning. The stock last traded at $689.42, down nearly 3 percent from Friday's closing price.

Priceline.com shares are now down about 11 percent since hitting an all-time high at $774.96 on April 10th.

A bullish call from Credit Suisse's Stephen Ju earlier does not seem to be helping the stock Monday. The analyst boosted his price target on Priceline.com shares from $790 to $811 while maintaining an Outperform rating.

The analyst's new price target represents potential upside of about 17 percent from where the stock is currently trading.

Visit our Analyst Ratings page to track all the market-moving analyst action on shares of Priceline.com.

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