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Fly News Breaks for March 17, 2016
QUNR, CTRP
Mar 17, 2016 | 07:34 EDT
Brean Capital lowered its price target on Ctrip.com (CTRP) to $56 from $65 following Q4 results. The firm is citing a slow ramp with Qunar (QUNR) over the next several quarters, but believes the long-term growth outlook is intact and are particularly encouraged to see the company providing a view that includes an upbeat growth trajectory. Brean Capital reiterated its Buy rating on Ctrip.com shares.
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