Morgan Stanley lowered the firm’s price target on Booking Holdings (BKNG) to $5,650 from $5,800 and keeps an Equal Weight rating on the shares. The firm’s estimates are “largely unchanged” following what it calls “solid” Q2 results and Q3 guidance, adding that it remains on the sidelines as it views the company’s high-single digit percentage topline growth and high-teens EPS growth as largely priced in at current levels.
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Read More on BKNG:
- Booking Holdings price target raised to $6,363 from $6,300 at UBS
- Booking Holdings price target raised to $6,500 from $5,560 at Citi
- Balanced Outlook for Booking Holdings Amid Strong Performance and Valuation Concerns
- Booking Holdings downgraded to Neutral from Outperform at Wedbush
- Wedbush downgrades Booking Holdings to Neutral following quarterly results