Wall Street Cuts Price Targets on Another Hedge Fund Favorite

Booking Holdings got dinged after two investment banks made the move following the online travel giant’s second-quarter report on Friday.

(Andrew Harrer/Bloomberg)

(Andrew Harrer/Bloomberg)

Another high-profile internet stock that is a favorite among hedge funds has lost some support from investors…sort of.

Several investment banks cut their price targets on Booking Holdings — formerly called The Priceline Group — on Friday following the online travel giant’s second-quarter earnings report.

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