Booking Holdings price target raised to $4,692 from $4,567 at Wells Fargo

Wells Fargo raised the firm’s price target on Booking Holdings (BKNG) to $4,692 from $4,567 and keeps an Equal Weight rating on the shares. The firm says initial disappointment on Q1 room nights will likely be offset by commentary on global demand stability through April. FX and regional mix advantages drive estimates higher, “likely one of the few positive revisions we will witness in 2Q Internet earnings,” Wells adds.