Online Travel Outlook (EXPE, PCLN, OWW)

Analysts at Piper Jaffray released a report covering the online travel segment this morning. The firm has an Overweight rating and $295 price target on shares of Priceline.com PCLN. The analysts acknowledged that PCLN is facing multiple headwinds, but said that they believe the stock is priced for a worst case scenario right now and offers an attractive entry point for investors with a longer time horizon. During today's trading session, PCLN has jumped 2.47% to $198.31. The firm also has an Overweight rating and $30.00 price target on Expedia EXPE. According to the report, Piper Jaffray believes that "Expedia (EXPE) is well positioned to ride the rising tide of improving domestic travel give 63% of the company's bookings are domestic." During the current trading session, EXPE has gained 0.51% to $21.72. Piper Jaffray reiterated their Neutral rating on shares of Orbitz Worldwide OWW, with a price target of $6.00. The analysts wrote that "Orbitz (OWW) is making market share improvements, but remains least well positioned, in our opinion." OWW has fallen 2.98% today to $4.89.