Barclays analyst Mario Lu raised the firm’s price target on Booking Holdings to $2,911 from $2,585 and keeps an Overweight rating on the shares. Barclays Card online lodging year-over-year spending trends peaked in January and worsened throughout Q1, the analyst tells investors in a research note. Furthermore, the trends continued into the first week of April, says the firm. It remains cautious on the online travel space in the near term and recommends waiting for estimates to come down post prints before re-evaluating.
Published first on TheFly
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