Deutsche Bank Downgrades Kayak Software (KYAK) to Hold after Takeover
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Price: $40.07 --0%
Rating Summary:
0 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
0 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Deutsche Bank downgraded Kayak Software (NASDAQ: KYAK) from Buy to Hold with a price target of $40.00 following the acquisition by priceline.com.
Commenting on the deal the firm said, "We believe the deal helps KAYAK with two big initiatives: 1) it puts Priceline in the booking path and 2) helps with international expansion. Furthermore, we believe there are significant revenue synergies between the two companies."
For an analyst ratings summary and ratings history on Kayak Software click here. For more ratings news on Kayak Software click here.
Shares of Kayak Software closed at $31.04 yesterday.
Commenting on the deal the firm said, "We believe the deal helps KAYAK with two big initiatives: 1) it puts Priceline in the booking path and 2) helps with international expansion. Furthermore, we believe there are significant revenue synergies between the two companies."
For an analyst ratings summary and ratings history on Kayak Software click here. For more ratings news on Kayak Software click here.
Shares of Kayak Software closed at $31.04 yesterday.
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