Benchmark slashes its price target on shares of Travelzoo (TZOO -2.9%) to $60 from $80, saying...

|About: Travelzoo Inc (TZOO)|By:, SA News Editor

Benchmark slashes its price target on shares of Travelzoo (TZOO -2.9%) to $60 from $80, saying Local Deals revenue tailed off as consumers cut back on browsing for online travel deals. The firm reiterates its Buy rating on shares, and sees FY11 and FY12 EPS of $1.40 and $2.00 respectively.