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Fly News Breaks for February 23, 2017
CTRP
Feb 23, 2017 | 07:36 EDT
Oppenheimer analyst Jed Kelly raised his price target for Ctrip.com to $60 from $55 following a "solid" Q4 where operating margins improved year over year on higher efficiencies in technology and S&M expenses. The analyst believes Ctrip.com is a leading option to participate in China's consumption economy transition and is a buyer at current levels. He reiterates an Outperform rating on the shares.
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