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Priceline higher; Susquehanna sees more share gains against Expedia

  • Susquehanna's Brian Nowak has raised his Priceline (PCLN +3%) PT to $1,200 from $1,135, and says checks indicate the company's European Bookings.com unit continues to take share from Expedia (EXPE -0.6%).
  • Following its Q2 miss, Expedia admitted it's seeing tougher competition from Bookings.com. Priceline posted very strong international bookings numbers for Q2. Last week, Deutsche downgraded Expedia while stating checks pointed to tougher U.S. competition.
  • TripAdvisor (TRIP +1.8%), which does plenty of business with both Priceline and Expedia, is trading higher.
  • TripAdvisor reports on Wednesday, Expedia on Oct. 30, and Priceline on Nov. 7.
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