Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

Prudential Cuts Target

Prudential cut its price target on (TVLY) to $25 from $27 after the online travel company lowered its fourth quarter revenue guidance to $68 million, or about 9% below previous figures. The company cited slow sales of airline tickets during the holiday season.

Analyst Mark Rowen said he believes the preannouncement may be an early negative indicator, reflecting cutbacks in airline industry capacity resulting from the Sep. 11 attack. He also noted that Travelocity is in a long term online marketing partnership with Continental Airlines, which he believes is important deal for company, as Continental has, in effect, retracted its zero-commission stance. Rowen thinks it is a win-win deal and that Travelocity will receive payment in form of commissions.

blog comments powered by Disqus