DA Davidson upgraded Booking Holdings to Buy from Neutral with an unchanged $3,400 price target. The firm is looking to take advantage of the recent pullback in the stock – down 7% since the end of September – while reporting “solid” Q3 results and giving “encouraging” commentary for 2024, the analyst tells investors in a research note. The stock’s current valuation also represents a 11% discount to its five-year average P/E multiple, the firm added.
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