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Priceline price target raised to $1,435 from $1,380 at Oppenheimer
Oppenheimer increased its price target on Priceline as the firm is upbeat on the 2H15 outlook for online travel, due partly to what it says are higher inventories, improving site traffic, and a solid industry backdrop. The firm expects Priceline's booking.com unit to benefit from increased supplies of properties other than vacation rentals. The firm believes that the company's Q2 bookings could come in above its guidance. Oppenheimer keeps an Outperform rating on the shares