Cantor Fitzgerald Starts priceline.com (PCLN) at Buy, Strong Underlying Fundamentals
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Price: $31.14 +0.52%
Rating Summary:
0 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 14 | New: 37
Rating Summary:
0 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 14 | New: 37
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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.
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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