Priceline's Stock Soars to New High on Big-Time Analyst Upgrades
Priceline’s stock rocketed to a new 52-week high of $491.36 a share during trading today, before coming to rest at $483.99, down $3. The company, which has been flying high on international sales through its Booking.com subsidiary, got a boost from recent analyst upgrades. On Friday, Citigroup boosted its price target to $610 from $575, and on Thursday, Caris & Company raised its price target to $525, while Goldman Sachs raised its target to $525 as well, reports AmericanBankingNews.com. The travel Web site’s low stock price for the past 52 weeks was $173.32.