Market Report -- Short Stories (PCLN)
November 11, 2009 9:38 AM ET
Priceline.com downgraded to Neutral at Credit Suisse; tgt $210 . Credit Suisse downgrades PCLN to Neutral from Outperform and sets target price at $210 following earnings. The firm says while compelling multi-year growth story is intact, diminished visibility owing to uncertain magnitude/sustainability of cyclical and secular puts/takes are at work in 2009, inherent category volatility and dialed-up expectations temper their enthusiasm for the stock at current levels. They prefer a better entry point.
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