Priceline: KeyBanc Ups Rating To Buy; Sets $260 Price Target

KeyBanc Capital Markets analyst Scott Hamann this morning upped his rating on Priceline (PCLN) to Buy from Hold, with a price target of $260.

With the stock down 27% over the past month, “investors have been afforded an opportunity to own a high quality, market share leading growth company, with a tenured management team that has demonstrated exceptional execution over the past several years, in an industry with a powerful secular growth trajectory, at an attractive valuation level,” he writes.

PCLN is up 21 cents, to $191.37.