tiprankstipranks
The Fly

Booking Holdings price target raised to $5,522 from $4,850 at BofA

Booking Holdings price target raised to $5,522 from $4,850 at BofA

BofA raised the firm’s price target on Booking Holdings (BKNG) to $5,522 from $4,850 and keeps a Neutral rating on the shares citing RevPAR and BofA aggregated credit and debit card data that show early signs of improving trends for U.S. travel. The firm is also lowering expense estimates for the cost cutting initiatives outlined in the recent 8K filing and slightly raising nights estimates, offset by lower forex.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

1