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Fly News Breaks for October 27, 2015
QUNR, CTRP
Oct 27, 2015 | 05:58 EDT
Piper Jaffray analyst Michael Olson raised his price target for Ctrip.com (CTRP) to $115 following the company's acquisition of 45% of Qunar (QUNR) voting shares. Ctrip continues to trade at a discounted valuation and is well positioned to dominate the online travel industry in China, Olson tells investors in a research note. He reiterates an Overweight rating on the name.
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