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Fly News Breaks for September 17, 2015
CTRP
Sep 17, 2015 | 07:41 EDT
After meeting with Ctrip.com's management, Oppenheimer says that competition in the high-end Chinese OTA market appears to be dissipating, which should enable the company's margin to rise in 2016, according to the firm. Ctrip.com reported that its business has not been affected by the slowdown in China, according to Oppenheimer, which lowered its price target on the name to $88 from $95 but keeps an Outperform rating on the shares.
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