Booking shares are trading higher after HSBC initiated coverage on the stock with a Buy rating and $3,650 price target.
Portfolio Pulse from Benzinga Newsdesk
HSBC has initiated coverage on Booking Holdings Inc. (BKNG) with a Buy rating and a price target of $3,650. This has led to an increase in the trading of Booking shares.
October 23, 2023 | 5:27 pm
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HSBC's Buy rating and high price target for Booking Holdings Inc. (BKNG) has led to increased trading of its shares.
HSBC's initiation of coverage on BKNG with a Buy rating and a high price target indicates a positive outlook for the company. This has led to increased trading of BKNG shares, suggesting that investors are reacting positively to the news. This could potentially lead to a short-term increase in BKNG's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100