Booking Holdings price target raised to $3,497 from $3,494 at Wells Fargo

Wells Fargo raised the firm’s price target on Booking Holdings to $3,497 from $3,494 and keeps an Equal Weight rating on the shares. Wells sees another solid print with nights 2pts ahead of the high end of guidance and consensus, the analyst tells investors in a research note. The firm doesn’t expect the Summer Olympics to be material to Q2/Q3 nights booked, but it could represent a modest take-rate tailwind in Q3, the firm says.