DA Davidson lowered the firm’s price target on Booking Holdings (BKNG) to $230 from $240 but keeps a Buy rating on the shares. Despite the impact of the conflict in the Middle East flaring up in late Q1, impacting Middle East inbound and outbound travel, Booking was still able to post generally solid Q1 results, the analyst tells investors in a research note. Beyond the Middle East-related headwinds, the company is not yet seeing broader contagion of related impacts on underlying travel demand outside of the affected geographies, the firm added.
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