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Fly News Breaks for April 28, 2016
PCLN
Apr 28, 2016 | 09:14 EDT
Piper Jaffray analyst Michael Olson believes the resignation of Priceline CEO Darren Huston does not present a risk to near-term financials. It does, however, pose a slight risk of distraction for employees of the company's Booking.com segment as well as investors, Olson tells investors in a research note after Huston resigned due to a personal relationship with an employee. The analyst reiterates an Overweight rating on Priceline with a $1,540 price target.
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