FBR Capital said its latest property count for Booking.com shows strong Q2 growth and points to potential earnings upside for Priceline (PCLN). The firm says count is up 57% year-over-year and ahead of its estimate, suggesting potential Q2 earnings of $12.25-$12.45 versus the consensus of $12.02. It questions whether the magnitude of the upside will be enough to lift shares, however. FBR keeps an Outperform rating on shares of Priceline with a $1,500 price target.
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