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Fly News Breaks for June 21, 2016
PCLN
Jun 21, 2016 | 06:14 EDT
Piper Jaffray analyst Michael Olson believes Priceline's CEO change is driving overly conservative bookings and operating margin guidance. This creates a favorable risk/reward into the company's Q2 results, Olson tells investors in a research note. The analyst reiterates an Overweight rating on Priceline with a $1,500 price target.
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