Information Provided By:
Fly News Breaks for September 12, 2016
TRIP, PCLN
Sep 12, 2016 | 09:06 EDT
BofA/Merrill analyst Nat Schindler said with TripAdvisor (TRIP) shares down almost 27% year-to-date, speculation of a potential buyout has increased. Schindler said Priceline (PCLN) could fund a deal, assuming a 25% premium, with stock, but believes its unlikely given TripAdvisor's sluggish topline growth, a complicated regulatory process, and a likely internal view that a substantial premium would be needed for an acquisition. The analyst maintains his Underperform rating and $41 price target on TripAdvisor shares.
News For PCLN;TRIP From the Last 2 Days
There are no results for your query PCLN;TRIP