Bank of America Reiterates Buy on Priceline.com, Raises PT to $660

Bank of America reiterated its Buy rating on Priceline.com PCLN. At the same time, the rating agency raised its price target on the company's stock from $650 to $660. On Thursday, PCLN lost 7.4% of its value to end the day at $483.34. Its shares rebounded in today's pre-market trading, rising 9.65% to stand around $530.