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Fly News Breaks for May 5, 2016
PCLN
May 5, 2016 | 08:40 EDT
After Priceline's results beat expectations but its Q2 guidance came in below consensus estimates, JMP Securities says that the company's Q2 guidance is probably conservative. The firm says that the company's Q2 guidance was negatively impacted by shifts of events from Q2 to other quarters. The firm believes that the company is executing well, while its ROI from ads is stable. JMP trimmed its price target on the name to $1,420 from $1,500 but keeps an Outperform rating on the shares.
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