Pacific Crest Starts Priceline.com (PCLN) at Outperform, TripAdvisor (TRIP), Expedia (EXPE) at Sector Perform

Pacific Crest's Chad Bartley initiated coverage on the stocks of several online travel companies Monday morning:

• Priceline.com (Nasdaq: PCLN) with an Outperform rating and an $885 price target
  
• TripAdvisor (Nasdaq: TRIP) with a Sector Perform rating
  
• Expedia (Nasdaq: EXPE) with a Sector Perform rating

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