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Fly News Breaks for June 27, 2016
PCLN
Jun 27, 2016 | 07:18 EDT
The Jefferies U.S. Internet Team believes Friday's selloff in shares of Priceline creates a compelling entry point in the stock. The stock was "undeservedly punished in this knee-jerk reaction" following the Brexit vote, the analysts tell investors in a research note. While Priceline has the highest exposure to Europe among online travel agencies, its exposure to the British Pound is minimal, they write. The analysts reiterate a Hold rating on the shares with a $1,660 price target.
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