Booking Holdings upgraded to Outperform from Neutral at Mizuho

Mizuho analyst Lloyd Walmsley upgraded Booking Holdings (BKNG) to Outperform from Neutral with an unchanged price target of $6,000,which offers 30% upside. The shares were downgraded this morning at Citizens. Mizuho sees a “compelling 2.7x bull/bear skew” for Booking at current share levels. Booking shares are down 16% since Mizuho initiated coverage overblown AI-related fears, the analyst tells investors in a research note. The firm says that for investors who missed the mid-November selloff, the recent pullback “presents another compelling opportunity.”