Erste Group analyst Hans Engel on Friday downgraded Booking Holdings (BKNG) to Hold from Buy. Booking’s global diversification, broad product portfolio, and strong technology with a focus on AI are “impressive,” but the already significant decline in U.S. consumer confidence is having a negative impact on further earnings growth, the analyst tells investors in a research note. The firm forecasts only moderate upside potential for the stock.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BKNG:
- Booking Holdings downgraded to Hold from Buy at Erste Group
- Closing Bell Movers: Asana crashes 28% after earnings, Moskovitz departure
- Booking Holdings management to meet with B. Riley
- Strong Market Position and Growth Potential: A Buy Rating for Booking Holdings
- Major Stock Moves: Duke, Booking, Halliburton, Hims & Hers, Innovative
Questions or Comments about the article? Write to editor@tipranks.com