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Fly News Breaks for July 18, 2017
PCLN
Jul 18, 2017 | 08:02 EDT
Morgan Stanley analyst Brian Nowak raised Priceline's price target to $2,100 from $1,950 and increased EBITDA estimates for 2017/18 by 3%/7% to reflect continued US Booking.com strength. The analyst said Comscore analysis indicates Booking.com's US traffic growth remains strong, up 25% year-over-year in Q2, with US online bookings share growing, and larger traffic bases leading to long-term gains in share. Nowak rates Priceline an Overweight
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