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Fly News Breaks for March 17, 2016
CTRP
Mar 17, 2016 | 05:57 EDT
Piper Jaffray analyst Michael Olson lowered his price target for Ctrip.com to $50 citing weaker revenue growth following the company's Q4 results. The company's Q4 results were "solid" but its outlook for Q1 missed expectations, Olson tells investors in a research note. He believes Ctrip.com's long-term outlook remains unchanged and keeps an Overweight rating on the shares.
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