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Fly News Breaks for May 10, 2017
TRIP, PCLN
May 10, 2017 | 09:41 EDT
Needham analyst Laura Martin says Priceline (PCLN) reported "very strong Q1 results," but shares are down owing to Q2 guidance. The analyst is a buyer of Priceline on weakness, and worries that its higher SEM spending bodes poorly for TripAdvisor (TRIP). Martin reiterates a Buy rating and $2,200 price target on Priceline's shares.