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Fly News Breaks for June 2, 2015
QUNR, CTRP
Jun 2, 2015 | 08:26 EDT
Summit Research downgraded Qunar (QUNR) to Hold saying margin concerns are likely to remain an overhang on the stock after the company rejected Ctrip.com's (CTRP) buyout offer and raised capital. The firm expects competition to intensify and dropped its price target for shares to $50 from $52.
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