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Fly News Breaks for February 27, 2020
BKNG
Feb 27, 2020 | 08:38 EDT
Morgan Stanley analyst Brian Nowak lowered the firm's price target on Booking Holdings to $2,050 from $2,200 and keeps an Equal Weight rating on the shares after adjusting his estimates to account for the company's guidance and the uncertainty caused by the coronavirus. However, he is "tactically positive" given the company's strong execution and market leadership and believes 2020 results are "now de-risked," Nowak added.
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