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PCLN

Ticker changed to BKNG

$1,719.04

-5.84 (-0.34%)

05:51
12/07/17
12/07
05:51
12/07/17
05:51

Priceline downgraded to Neutral from Buy at MKM Partners

PCLN Ticker changed to BKNG
$1,719.04

-5.84 (-0.34%)

12/01/17
ARGS
12/01/17
DOWNGRADE
ARGS
Hold
Priceline downgraded to Hold at Argus on weak Q4 guidance and valuation
As reported earlier, Argus analyst John Staszak downgraded Priceline to Hold from Buy, saying shares are fairly valued around the current price level of $1,740 as the stock trades near the high-end of its five-year PE range. The analyst says the valuation is appropriate based on the company's near-term prospects, pointing to the company's latest Q4 forecast of 8%-13% bookings growth, which is below the prior view of 17%. Staszak also notes that Priceline has seen "significantly higher compensation costs" in Q3 and may face even higher expenses as it expands TV advertising for Booking.com to 18 more countries.
12/01/17
12/01/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Priceline (PCLN) downgraded to Hold from Buy at Argus with analyst John Staszak downgraded Priceline (PCLN) saying shares are fairly valued around the current price level of $1,740 as the stock trades near the high-end of its five-year PE range. 2. Cummins (CMI) downgraded to Neutral from Buy at Goldman Sachs with analyst Jerry Revich saying to position for the next leg of the Machinery recovery, he prefers exposure to agriculture over trucks. 3. VMware (VMW) was downgraded to Hold from Buy at Gabelli and Drexel Hamilton. 4. Barnes & Noble (BKS) downgraded to Hold from Buy at Craig-Hallum with Alex Fuhrman citing the company's second quarter revenue miss. 5. Regeneron (REGN) downgraded to Neutral from Buy at Citi with analyst Robyn Karnauskas saying she believes the competitive threat from Novartis' (NVS) vision-loss drug RTH258 is being underappreciated by the market. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/05/17
LEHM
12/05/17
UPGRADE
Target $18
LEHM
Overweight
Snap upgraded to Overweight from Equal Weight at Barclays
Barclays analyst Ross Sandler upgraded Snap (SNAP) to Overweight from Equal Weight and raised his price target for the shares to $18 from $11. The stock closed yesterday down 30c to $13.57. With the company's pricing transition in the later stages, Snap may start hitting or exceeding consensus revenue estimates and accelerating growth in 2018, Sandler tells investors in a research note. He thinks the investor narrative in 2018 can change from Facebook (FB) "is killing" Snap to "these companies can co-exist" like Priceline (PCLN) and Expedia (EXPE). Further, Sandler highlights Snap's high short interest relative to peers, especially considering its founders own around 50% of the shares. The analyst feels now is a good time to start accumulating Snap.
12/06/17
MACQ
12/06/17
NO CHANGE
MACQ
Priceline unlikely to buy TripAdvisor, says Macquarie
Macquarie analyst Matthew Brooks commented on recent speculation and said Priceline (PCLN) is unlikely to buy TripAdvisor (TRIP). Brooks said TripAdvisor's bargaining power over suppliers would be lost if Priceline bought the company, Priceline has 137M reviews and the benefit of adding 570M from TripAdvisor is uncertain, a high proportion of TripAdvisor traffic is research, not purchase, and Google (GOOGL) is TripAdvisor's main competitor, making it difficult to improve earnings power under Priceline.

TODAY'S FREE FLY STORIES

SPX

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, SPY

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$280.78

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VOD

Vodafone

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TSLA

Tesla

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LB

L Brands

$31.63

-1.1 (-3.36%)

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AMP

Ameriprise

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SCHN

Schnitzer Steel

$25.95

-2.3 (-8.14%)

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TSLA

Tesla

$334.50

-13.1 (-3.77%)

, GS

Goldman Sachs

$229.91

0.38 (0.17%)

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Periodicals
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$334.50

-13.1 (-3.77%)

GS

Goldman Sachs

$229.91

0.38 (0.17%)

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  • 29

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CRC

California Resources

$28.77

-3.32 (-10.35%)

12:05
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California Resources call volume above normal and directionally bullish »

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  • 04

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TSLA

Tesla

$334.80

-12.8 (-3.68%)

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Periodicals
Silver Lake would like to participate in Tesla deal, DealBook says »

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  • 29

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ATVI

Activision Blizzard

$68.98

-2.31 (-3.24%)

, SNE

Sony

$53.46

-0.83 (-1.53%)

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Activision's Call of Duty World League Championship comes to Ohio this week »

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SNE

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  • 04

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PFGC

Performance Food Group

$33.30

-4.3 (-11.44%)

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Performance Food Group falls -11.4% »

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  • 15

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CANG

Cango

$8.90

-1.6 (-15.24%)

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Cango falls -12.0% »

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M

Macy's

$36.24

-5.63 (-13.45%)

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  • 15

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UVXY

ProShares Trust Ultra VIX Short Term Futures ETF

$10.22

1.31 (14.70%)

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ProShares Trust Ultra VIX Short Term Futures ETF rises 14.6% »

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KMG

KMG Chemicals

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CGC

Canopy Growth

$30.29

5.67 (23.03%)

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M

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STZ

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KMG

KMG Chemicals

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CCMP

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PETQ

PetIQ

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FANG

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EGN

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CASA

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STZ.B

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APC

Anadarko

$64.41

-2.56 (-3.82%)

11:55
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Options
Anadarko put volume heavy and directionally bearish »

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CRVS

Corvus Pharmaceuticals

$9.47

0.44 (4.87%)

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BXS

BancorpSouth

$34.20

-0.2 (-0.58%)

11:45
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Conference/Events
BancorpSouth management to meet with Stephens »

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  • 22

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BXS

BancorpSouth

$34.20

-0.2 (-0.58%)

11:45
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Conference/Events
BancorpSouth management to meet with Stephens »

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  • 22

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  • 23

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ALRM

Alarm.com

$50.63

0.02 (0.04%)

11:43
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Conference/Events
Alarm.com management to meet with Maxim »

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  • 16

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Conference/Events
Stephens healthcare analyst to hold an analyst/industry conference call »

Analysts, along with The…

GM

General Motors

$35.36

-0.84 (-2.32%)

11:40
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Options
Notable put spreads GM options as shares slump »

Notable put spreads GM…

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  • 15

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