Travelocity Up on Analyst's Note

By TSC Staff ,

Online travel service Travelocity (TVLY) was up 16.5% in early trading after positive comments from Prudential Securities analyst Mark Rowen.

In a research note, Rowen said the recent drop in the stock price created a buying opportunity. Rowen said the company's fundamentals appear sound and that the current price opportunity "more than compensates" for the risks, including a possible further loss of market share to competitor

Expedia

(EXPE) - Get Report

. Expedia was up 0.5%.

Loading ...