Benchmark Reports Rising Travel Demand For PCLN

Benchmark has issued a report on the rising travel demand in regards to Priceline.com PCLN. According to Benchmark, "We believe that the broader global economic recovery remains intact which should propel the travel sector. We view Priceline as the best positioned travel stock given its limited direct exposure to airlines and given its leading position in the European and Asia/Pacific hotel markets." PCLN has a $570.00 Price Target and closed at $483.99 yesterday.