Deutsche Bank Reiterates Priceline Buy, Raises PT To $490 (PCLN)

Deutsche Bank reiterated its Priceline.com PCLN Buy rating and raised Priceline.com's price target from $450 to $490 in a research report published today. In the report, Deutsche Bank states, "Priceline continues to execute on its plan of dominating the international hotel market, with a strong foothold of now 105,000+ properties worldwide. We expect strong results from PCLN after the close next Wednesday on continued solid European leisure travel. Outlook remains favorable esp from recent data points from European leisure travel operators." Shares of Priceline.com were at $456.00 in pre-market trading at the time of posting, up 0.16% from Thursday's market close.