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Fly News Breaks for March 15, 2018
CTRP
Mar 15, 2018 | 05:45 EDT
Deutsche Bank analyst Eileen Deng believes Ctrip's weaker than expected Q1 revenue guidance outweighs the small margin beat in Q4. In a post-earnings research note titled "Dark cloud on unbundling still overhangs," the analyst lowered her price target fro the shares to $48 from $50 and keeps a Hold rating on Ctrip. Deng is "positive on the enhancing one-stop shop solution, yet cautious on short-term headwinds."
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