Barclays lowered the firm’s price target on Booking Holdings (BKNG) to $5,500 from $6,250 and keeps an Overweight rating on the shares. The firm views the company’s earnings report as “decent.” Decent a Q4 beat and bookings guided ahead, Booking’s margin expansion was “a touch light,” the analyst tells investors in a research note. Barclays believes it may be challenging for the shares to work near-term.
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