Benchmark Upgrades Orbitz Worldwide Inc. (OWW) to Buy; ebookers and Private Label Driven Profit in 2012

December 6, 2011 7:17 AM EST
Get Alerts OWW Hot Sheet
Price: $11.92 --0%

Rating Summary:
    5 Buy, 15 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Benchmark upgraded Orbitz Worldwide Inc. (NYSE: OWW) from Hold to Buy, price target raised from $3 to $5.

Benchmark analyst says, "Buy Orbitz Worldwide for ebookers and private label driven growth acceleration and profit creation in 2012. We are raising
our rating, estimates and price target on Orbitz to reflect stable global hotel
demand, accelerating profit from the ebookers European hotel operation,
contribution from private label partnerships and the ensuing inflection of cash flow EBITDA to sustainable growth. We now project 2012E revenue of $818 million, EBITDA of $140 million, EPS of $0.38 and free cash flow of $0.60 per share."

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 $3.51 yesterday.


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