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Fly News Breaks for November 9, 2015
PCLN
Nov 9, 2015 | 10:22 EDT
Piper Jaffray analyst Michael Olson sees Priceline's Q4 EPS guidance, which he noted was 7% below consensus at its mid-point, as consistent with the company's "typical" conservative practices. Olson maintains an Overweight rating and $1,540 price target on the stock in a post-earnings note, saying he believes Priceline can sustain 20% international bookings growth in 2016 and that he expects significant operating margin expansion next year from OpenTable.
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