Booking Holdings price target raised to $6,363 from $6,300 at UBS

UBS analyst Stephen Ju raised the firm’s price target on Booking Holdings (BKNG) to $6,363 from $6,300 and keeps a Buy rating on the shares. While there may be concerns near-term regarding the Q3 room nights growth guidance parameters and “tougher” comparisons for Q4, the firm sees little reason to discount the durability of the 8-8-15 formula on a full year basis, the analyst tells investors in a research note. Air tickets grew 44% while attractions more than doubled, which should continue to raise conviction that it will be better positioned to pull away from its competition, UBS argues.