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Fly News Breaks for March 18, 2016
QUNR
Mar 18, 2016 | 08:01 EDT
Deutsche Bank analyst Alvin Jiang downgraded Qunar to Hold from Buy, citing the uncertainty arising from its airline conflicts and post-merger issues. Jiang, who believes the first half of this year will likely be tough for the company as it shifts its strategy, lowered his price target on Qunar shares to $38 from $48.70.
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