July 08, 2013 at 11:26 AM EDT
UPDATE: Morgan Stanley Upgrades Priceline on Multiple Positive Factors
In a report published Monday, Morgan Stanley analyst Scott Devitt upgraded the rating on Priceline (NASDAQ: PCLN ) to Overweight, and raised the price target to $1,010.00. In the report, Morgan Stanley noted, “We believe Priceline can outperform consensus estimates and shares can re-rate from 17x 2014 EPS to 20-21x as
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