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Priceline (PCLN) is up 5.3% as Credit Suisse's Stephen Ju initiates coverage with an Outperform...

Priceline (PCLN) is up 5.3% as Credit Suisse's Stephen Ju initiates coverage with an Outperform and $720 PT. Though considering the U.S. online travel market saturated, Ju thinks growing international penetration can drive 20%+ growth over the next 5 years. Ju is less positive on Expedia (EXPE), believing it's less likely to gain market share.
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