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Fly News Breaks for May 26, 2015
CTRP
May 26, 2015 | 05:36 EDT
Summit Research analyst Henry Guo raised his price target for Ctrip.com to $122 saying the company's acquired stake in eLong further strengthens its market position, especially in the high-end hotel segment. Guo believes a "potential rational pricing environment" should significantly help Ctrip's profitability. He reiterates a Buy rating on the stock.
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