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Fly News Breaks for June 16, 2016
CTRP
Jun 16, 2016 | 06:11 EDT
Piper Jaffray analyst Michael Olson views Ctrip.com's Q1 results as solid and its guidance for Q2 as conservative. The analyst believes investors had been bracing for guidance to be materially below the Street. He thinks Ctrip.com is still in the "early innings of China online travel growth and margin expansion." Olson reiterates an Overweight rating on the shares with a $50 price target.
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