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Fly News Breaks for February 5, 2018
BABA, CTRP
Feb 5, 2018 | 08:25 EDT
Deutsche Bank analyst Eileen Deng started Ctrip (CTRP) with a Hold rating and $50 price target. Under a different analyst, Deutsche Bank last year had a Buy rating on the shares. Deng anticipates a "turbulent" 2018 for the company as mergers and strategic partnerships complicate China's online travel agency landscape. again. Meituan-Dianping looks to be a formidable competitor in tier 3-5 cities while Alibaba-backed (BABA) Fliggy is a unknown to competitive dynamics, Deng tells investors in a research note. She views Ctrip shares as fairly valued at current levels.