Baird last night initiated coverage of Booking Holdings (BKNG) with an Outperform rating and $5,850 price target The firm has a positive view of Booking’s business model, “especially given today’s favorable global travel backdrop.” The company is positioned in international markets, which are less competitive and higher growth, management has a strong track record of executing, and the earnings growth outlook is attractive, the analyst tells investors in a research note.
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