Orbitz Worldwide, Inc. (OWW) Misses Q1 EPS by 3c, Provides Outlook

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Orbitz Worldwide (OWW) PT Trimmed at Susquehanna Post Q1

May 6, 2014 6:29 AM EDT

Susquehanna analyst Brian Nowak lowered his price target on Neutral-rated Orbitz Worldwide Inc. (NYSE: OWW) to $8.00 (from $9.00) following Q1 results noting it was an acquisition-driven beat and year of reinvestment for growth.

The firm is raising 2014 revenue by 5% ($46mn), but EBITDA remains... More