Booking Holdings price target raised to $4,240 from $4,150 at Jefferies

Jefferies raised the firm’s price target on Booking Holdings to $4,240 from $4,150 and keeps a Buy rating on the shares. The firm expects Booking to deliver upside to Q1 Nights given January grew above the high-end of guidance despite having the toughest comp and it expects a Q1 beat to ease investors’ concern about long-term growth potential, the analyst tells investors in a preview note for the U.S. Internet group.