UPDATE: Jefferies Raises PT on Priceline.com Ahead of Expected Positive Trends

In a report published Tuesday, Jefferies analyst Brian Fitzgerald reiterated a Buy rating on Priceline.com (NASDAQ: PCLN ), and raised the price target from $860.00 to $1,005.00. In the report, Jefferies noted, “While global trends in the hotel industry remain uneven, continuing signs of demand revival in Europe are positive