Priceline shares tumble after forecast for slower growth

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Go back to Priceline shares tumble after forecast for slower growth

Guggenheim Upgrades The Priceline Group (PCLN) to Buy

May 4, 2016 1:45 PM EDT

Guggenheim upgraded The Priceline Group (NASDAQ: PCLN) from Neutral to Buy with a price target of $1,500.00.

For an analyst ratings summary and ratings history on The Priceline Group click here. For more ratings news on The Priceline Group click here.

Shares of The Priceline Group closed at $1354.64 yesterday.

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The Priceline Group (PCLN) PT Lowered to $1,260 at Evercore ISI Following Results, Weaker Outlook

May 4, 2016 1:05 PM EDT

Evercore ISI analyst Ken Sena reiterated a Hold rating and lowered his price target on The Priceline Group (NASDAQ: PCLN) to $1,260.00 (from $1,320.00) following results and weak guidance today.

Sena commented,"Our Hold rating balances PCLN's scale and executional track-record against our concerns that many of its relied-upon marketing channels (e.g., Search / Meta) are moving further down the booking funnel while branded (and many independent) hotel customers are making a stronger push... More