Cantor Fitzgerald Starts priceline.com (PCLN) at Buy, Strong Underlying Fundamentals

Cantor Fitzgerald initiates coverage on priceline.com (NASDAQ: PCLN) with a Buy. PT $740.00.

The firm comments, "While the stock has recovered somewhat from a ~15% dip post-earnings, it's already pricing in lowered growth expectations, we believe. Our positive view on the stock reflects the strong underlying fundamentals, high exposure to larger/ faster-growth international markets, continued market share gains, and expectations for a pick-up when the macro-headwinds abate."

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 $633.77 yesterday.

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