TD Cowen raised the firm’s price target on Booking Holdings (BKNG) to $5,500 from $5,000 and keeps a Buy rating on the shares. The firm said they continue to like the shares and reiterate it as a Top Pick, as the company’s near-term growth is materially better than expected due to a combination of strong Europe trends and share gains across all geographies, with margins improving on ad cost leverage and more disciplined fixed opex.
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Read More on BKNG:
- Booking Holdings price target raised to $5,000 from $4,700 at Benchmark
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- Booking Holdings price target raised to $5,100 from $4,500 at Barclays
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