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Fly News Breaks for August 5, 2019
CTRP
Aug 5, 2019 | 07:51 EDT
Jefferies analyst Thomas Chong started Ctrip with a Buy rating and $47.50 price target. The company demonstrates "strong execution with proven track record as a leading online travel agency in China," Chong tells investors in a research note. It is a long-term story benefiting from rising income levels and urbanization with market share gains, not only in China but also overseas, contends the analyst.
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