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Fly News Breaks for February 27, 2020
BKNG
Feb 27, 2020 | 06:56 EDT
UBS analyst Eric Sheridan lowered the firm's price target on Booking Holdings to $1870 from $2200 and keeps a Neutral rating on the shares. The analyst says the company's earnings report painted a mixed picture amid the coronavirus outbreak, noting that "uncertainty is the new norm" and guiding the next quarter "materially" below consensus to reflect the impact of the past 4-6 weeks. Without an improvement in the coronavirus situation, Sheridan does not expect investors to "revisit" the online travel sector in search of growth/margin dynamics.
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