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Fly News Breaks for May 18, 2018
CTRP
May 18, 2018 | 07:19 EDT
Oppenheimer analyst Jed Kelly maintained an Outperform rating and $51 price target on Ctrip.com ahead of the company's Q1 results, which he expects to be in-line with the Street and provide better visibility into valued-added services cross-selling regulation headwinds. In a research note to investors, Kelly said he believes VAS regulation impacts all travel suppliers, but contends that Ctrip.com is best positioned to eventually emerge with greater market share. Kelly said he would be a long-term buyer on weakness.
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