Stock Watch: Priceline Benefits from Solid Q1

Priceline.com continued to climb Monday, rising 14 to 89 as analysts awaited a Tuesday briefing by company officials.

Robertson Stephens’ Lauren Cooks Levitan reiterated a “strong buy” rating on the stock, citing “solid first-quarter business momentum and new business initiatives.” Levitan also said that she expects the “name-your-price” service to “quickly grow its affiliate businesses, with the potential for further IPOs down the road.”

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