Nomura Securities Upgrades priceline.com (PCLN) to Buy; Growing Global

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Jefferies Assumes Coverage on priceline.com (PCLN) at Buy; Best Positioned OTA

September 5, 2012 7:40 AM EDT

Jefferies assumes coverage on priceline.com (NASDAQ: PCLN) with a Buy. PT $740.00 (from $695.00).

Jefferies analyst said, "At ~$600, the stock trades at ~12x our 2013E EBITDA (2012-15 EBITDA CAGR of ~22%) and ~17x our 2013E Operating EPS (2012-15 Op EPS CAGR of ~20%), a discount of... More