Booking Holdings price target raised to $4,500 from $3,900 at Barclays

Barclays analyst Trevor Young raised the firm’s price target on Booking Holdings to $4,500 from $3,900 and keeps an Overweight rating on the shares as part of a Q3 earnings preview for the internet group. Despite a sharp rebound, Booking shares are still near historical norms from a price-to-earnings ratio perspective, the analyst tells investors in a research note. Barclays remains cautious on travel into the prints.