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Fly News Breaks for January 22, 2016
CTRP
Jan 22, 2016 | 07:16 EDT
Nomura analyst Jialong Shi initiated Ctrip.com with a Buy rating and $50 price target on shares. The analyst views Ctrip as the best proxy to the potential boom in China's online travel agency market over the next decade. Shi said Ctrip is well-positioned to capitalise on this secular trend given its dominant market share and proven execution.
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