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Fly News Breaks for August 25, 2015
QUNR
Aug 25, 2015 | 10:08 EDT
Summit Research analyst Henry Guo said he was encouraged by Qunar's hotel market share gain in Q2 but has concerns about the sustainability of its hotel momentum if the company decreases or ends its "aggressive" offline promotion that he attributes for the gains. Guo lowered his price target on Qunar shares to $36 from $50, citing increasing competition and the conditions of the market, and keeps a Hold rating on the stock.
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