Orbitz (OWW +10.5%) shares surge after Benchmark hikes its rating to Buy from Hold, with a new...

|About: Orbitz Worldwide, Inc. (OWW)|By:, SA News Editor

Orbitz (OWW +10.5%) shares surge after Benchmark hikes its rating to Buy from Hold, with a new price target of $5 from $3. The bullish stance reflects "stable global hotel demand, accelerating profit from the e-bookers European hotel operation, contribution from private label partnerships and the ensuing inflection of cash flow EBITDA to sustainable growth.”