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Fly News Breaks for November 25, 2016
CTRP
Nov 25, 2016 | 06:11 EDT
Citi analyst Alicia Yap views Ctrip.com's Q3 results as "solid" and keeps a Buy rating on the shares with a slightly reduced price target of $55. The company, after dominating the China online travel booking landscape, is "stepping up its positioning" in the global online travel market via recent acquisitions, Yap tells investors in a research note. Ctrip has enhanced its global product offerings for both air and hotels, the analyst contends.
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