priceline.com price target raised to $1,200 from $1,100 at Piper Jaffray

Piper Jaffray raised its price target for priceline.com shares to $1,200 after the company reported better than expected Q3 bookings and earnings. Piper says priceline.com's Q4 guidance is likely conservative for international bookings and reiterates an Overweight rating on the stock.