Booking Holdings price target lowered to $5,650 from $5,800 at Morgan Stanley

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.