The firm said other travel stocks such as Expedia look more attractive after Booking's recent outperformance to peers.
It's time to look elsewhere in the travel sector after Booking Holdings ' recent gains, according to Bank of America. Analyst Justin Post downgraded the stock to neutral from buy, saying there's less upside after Booking's recent outperformance. Instead, he favors Expedia because its stock could rise if it's able to improve its market share.
mountain It's been a fairly steady climb for Booking since hitting a low in October. "However, Booking stock has far outperformed peers , comps get tougher in 2Q, and we downgrade to Neutral from Buy as we see less valuation upside looking out to our now above-Street 2024 ests. ," Post added. Booking Holdings shares are up more than 19% this year as investors expect continued travel recovery both in the West, and especially in Asia as China reopens.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Institutional investors file shareholder resolutions at JPMorgan, Bank of America to curb emissionsInvestors including the Sierra Club Foundation, Trillium and Harrington Investments are targeting the biggest U.S. banks in a bid to reduce financing tied to...
Lire la suite »
Loan loss provisions, North Texas vs rest of country - CEO SpotlightJennifer Chandler, President of Bank of America, joins David Johnson on this episode of CEO Spotlight.
Lire la suite »
Bank of America, JPMorgan, Wells Fargo Collaborate to Launch Digital Wallet: Report – Wallets Bitcoin News7 major banks, including BankofAmerica, JPMorgan Chase, and Wells Fargo, have teamed up to launch a digitalwallet to compete with Paypal and ApplePay.
Lire la suite »
Capri Holdings Taps Cedric Wilmotte as CEO of Michael KorsCedric Wilmotte has been appointed chief executive officer of Michael Kors, effective April 3.
Lire la suite »
Two energy giants, two green projects: one double-booking in North SeaBP plans to build a carbon capture project beneath the North Sea that would be crucial to Britain hitting its emissions targets. Orsted aims to build an offshore windfarm to help the country meet renewable goals. The problem is the seabed's double-booked
Lire la suite »
EU banks face stricter rules for crypto holdingsEU policymakers align high-risk provisions for banks holding crypto with the Basel Committee on Banking Supervision.
Lire la suite »