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Fly News Breaks for June 15, 2015
CTRP
Jun 15, 2015 | 06:01 EDT
Piper Jaffray analyst Michael Olson says Ctrip.com is undervalued based on "several factors," including the company's $17 per share of cash and liquid investments, its "dominant position" in the Chinese travel market and operating margin expansion. Olson tells investors in a research note that shares offer a favorable risk/reward profile. He reiterates an Overweight rating on Ctrip.com with a $91 price target.
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