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Fly News Breaks for June 2, 2016
CTRP
Jun 2, 2016 | 08:15 EDT
Oppenheimer analyst Jed Kelly says sentiment ahead of Ctrip.com's quarterly report appears to be mixed, with most investors expecting upside to margins from dissipating competition that is somewhat offset by near-peak short interest. The analyst believes Ctrip.com is the best positioned to gain share of China's under-penetrated online travel market, and he would take advantage of any short-term weakness in the stock. Kelly reiterates an Outperform rating and $55 price target on the shares.
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