Morgan Keegan Raises Priceline.com PT To $570, Reiterates Outperform (PCLN)

Morgan Keegan raised its Priceline.com PCLN price target from $475 to $570 and reiterated Priceline.com's Outperform in a research report published today. In the report, Morgan Keegan states, "With its growing hotel presence (>120k) and significant operating leverage, we believe Priceline is on pace to achieve ~30% annual bookings and EPS growth over the next 3 years." Shares of Priceline.com were trading at $468.00 in pre-market trading at the time of posting, up 9.86% from Wednesday's market close.