Barclays raised the firm’s price target on Booking Holdings (BKNG) to $5,700 from $5,600 and keeps an Overweight rating on the shares as part of a Q2 preview for the online travel sector. There have been some encouraging signs from domestic airlines of late, but not enough to call for a rebound in U.S. travel demand yet, the analyst tells investors in a research note. Barclays updated estimates in the group to reflect currency moves but keeps its underlying assumptions mostly unchanged.
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