Booking Holdings named top travel pick as Rosenblatt starts coverage at Buy
-1.71% to $195.69 from $199.09
What moved BKNG
- Rosenblatt launched coverage of the online travel and mobility sector, initiating Booking Holdings at Buy with a $245 price target.
- Analyst Scott Devitt called Booking Holdings the best-positioned online travel agency globally and said the market is overstating the risk of AI-driven disintermediation.
- The initiation favored the largest, most diversified travel platforms.
- Travel and leisure names broadly underperformed Tuesday as the S&P 500 fell on rising oil prices and bond yields tied to renewed U.S.-Iran hostilities.
Sources: Investing.com · Yahoo Finance · TheStreet