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Tuesday, 06/03/2014 8:27:00 AM

Tuesday, June 03, 2014 8:27:00 AM

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Priceline hotel business showing signs of maturity, says FBR Capital
FBR Capital says Priceline's hotel business could be reaching a stage of relative maturity after its latest property count for Booking.com indicated that hotel count was down from March 31 with net adds driven entirely by vacation rentals. FBR notes that hotel count is up 55% year over year through May 28, which it considers "robust." The firm views its latest Booking.com property survey as mixed for Priceline and keeps an Outperform rating on the stock with a $1,500 price target

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