Orbitz Downgrade Sparked By Higher Risk Profile

By | March 19, 2014

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Orbitz Worldwide (OWW) stock was down more than 8% in midday trading in the stock market today after Goldman Sachs downgraded the online travel agency to sell from neutral, citing its higher-risk profile vs. industry peers. Goldman noted in a Wednesday research report that Orbitz shares were up 23% this year vs. an average 5% increase for its industry group. “With (Orbitz) stock trading at a premium to the group on a growth relative basis, we Scalper1 News

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