Nomura Securities Boosts Numbers on priceline.com (PCLN) After Q4, But Keeps 'Reduce' Rating

Nomura Securities raised estimates and its price target on priceline.com (NASDAQ: PCLN) but kept its 'Reduce' rating despite strong Q4 results.

The firm raised 2012 EPS by 12% and the price target by 18% to $580.

"The beat and guide was strong, but for now we continue to have questions about PCLN's ability to deliver future out-sized beats given the (in our view) aggressive regional growth assumptions in our model."

For an analyst ratings summary and ratings history on priceline.com click here. For more ratings news on priceline.com click here.

Shares of priceline.com closed at $591.54 yesterday.

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