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Fly News Breaks for June 1, 2015
PCLN, AWAY
Jun 1, 2015 | 09:56 EDT
After HomeAway (AWAY) announced that it has agreed to a distribution deal with Kayak, Piper Jaffray noted that the deal is the first official partnership between the company and Priceline (PCLN). The firm sees the deal as an encouraging sign and thinks Priceline may move to expand its partnership with, or potentially even acquire, HomeAway. The firm keeps its Overweight rating and $39 price target on HomeAway shares.
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