Stock Picks: Best Buy, Hawaiian Holdings, Priceline.com, Starwood Hotels

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She raised a price target on the shares to $240 from $230.

In a note, Chung said she changed the rating on the second-biggest online travel agency as she believes the recent 30 percent decline in the stock "is an overreaction" to a 10 percent devaluation in the euro, which she said impacts "roughly 50 percent" of the company's revenue and a majority of its advertising spending.

Chung said she thinks Priceline's "secular growth story," based on its 35 percent online penetration for leisure bookings in Europe vs. 60 percent in the U.S. and a high degree of fragmentation in the European hotel industry, should outweigh the euro devaluation and an expected contraction in European consumer spending.

Starwood Hotels & Resorts Worldwide: Soleil Securities on June 16 raised a rating on shares of Starwood Hotels & Resorts Worldwide (HOT) to buy from hold and increased a price target on the shares to $57 from $55.

With the stock down from late-April highs and evidence of accelerating year-over-year growth in revenue per available room, or RevPAR, equity analyst Jake Fuller said in a note he sees the stock as "attractive" ahead of the company's second-quarter earnings per share release on July 23 and for the longer term "against a favorable supply-demand picture." He said he expects "upward pressure" on analyst consensus estimates for the owner of the St. Regis and W hotel brands, with "a quicker recovery in RevPAR" which should help boost Ebitda for company-owned hotels to more than $550 million in 2013 from $265 million in 2009.

He also noted that free cash flow from the company's timeshare operations is up "sharply."

The analyst raised EPS estimates for the second quarter to 27¢, from 25¢, and for 2010 to 95¢ from 88¢.

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