Wedbush slashes its price target on shares of Travelzoo (TZOO) to $72 from $107 on concerns over increased competition and declining sales. The new price target still marks a premium of 125% over TZOO's current trading price after a month-long downward slide saw the stock lose 33%.
Travelzoo is currently trading at $32. It was at $92 on July 20, 2011.
Thank you Wedbush!!! This is helpful.
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