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Orbitz: Goldman Says Sell; Slashes Target; Stock Tumbles

in News on November 12, 2008 at 6:01 am PT

Goldman Sachs analyst Jennifer Watson slashed her price target on Orbitz from $6.80 to $2.70 this morning, based on its slow growth in comparison to Expedia and Priceline, and its heavy reliance on consumer fees. Accordingly, the stock has taken a tumble.