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Fly News Breaks for February 18, 2016
CTRP
Feb 18, 2016 | 16:15 EDT
CLSA upgraded Ctrip two notches to Buy from Underperform citing the 20% share correction from the stocks peak. The firm's analyst expects the Rmb depreciation impact to be milder than expected as top outbound destinations are European countries and Asia. Additionally, Ctrip will benefit from Chinese tourists attendance to domestic attractions, especially Shanghai Disney when it opens, according to the firm. .
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