Benchmark Maintains Hold on Orbitz Worldwide

Benchmark is out with its report today on Orbitz Worldwide OWW, maintaining Hold. In its report, Benchmark writes, "Orbitz stands poised to experience rebounding profit growth in 2012 as growing exposure to higher-margin international hotel bookings combine with new private label partnerships, supply growth and the completion of its internal global platform migration. Investment spending and marketing expense could normalize in early 2012 allowing for margin recovery which could potentially drive 2012E EBITDA and EPS above $130 million and $0.27, respectively." Benchmark maintains a $3 PT on OWW. Shares of OWW closed Monday at $2.55, up 13.84% from Friday's close.