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Fly News Breaks for April 3, 2017
CTRP
Apr 3, 2017 | 07:41 EDT
Cowen analyst Kevin Kopelman initiated Ctrip.com with an Outperform rating, saying it is a must-own for exposure to China travel. The analyst admits the stock looks expensive but he believes its potential is underappreciated given its powerful portfolio, app-first position, and major scale in fixed costs. Kopelman has a $60 price target on Ctrip.com shares.
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