Priceline Hit By Currency Headwinds, Gets Downgrade

By | December 16, 2014

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Priceline (PCLN) stock was down more than 1% in midday trading in the stock market today after Goldman Sachs yanked the company from its regional America’s “Conviction Buy List,” citing currency headwinds. “We remove Priceline from the Conviction List, as the multiyear declines in the Euro expected by (Goldman Sachs) Macro will likely limit outperformance in the stock,” analyst Heath Terry said in a research report. Goldman Sachs maintained a buy Scalper1 News

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