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Fly News Breaks for August 25, 2015
QUNR
Aug 25, 2015 | 08:58 EDT
Pacific Crest believes that Qunar's marketing campaign is accelerating its hotel volume growth and share gains. The firm thinks that its hotel share gains will enable it to generate strong growth and eventually cause its margins to rise. The firm cut its price target on the name to $51 from $57 but keeps an Outperform rating on the shares.
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