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TOUR

Tuniu

$7.61

-0.1 (-1.30%)

05:29
01/12/18
01/12
05:29
01/12/18
05:29

Tuniu announces $100M share repurchase program

Tuniu announced that its board has authorized a share repurchase program under which the company may repurchase up to $100M worth of its ordinary shares or American depositary shares representing ordinary shares over the next 12 months.

TOUR Tuniu
$7.61

-0.1 (-1.30%)

01/12/17
FBCO
01/12/17
UPGRADE
FBCO
Outperform
Tuniu upgraded to Outperform from Neutral at Credit Suisse
Credit Suisse upgraded Tuniu to Outperform and a $12.20 price target to reflect improved gross margins, marketing savings, and overall headcount optimism.
02/23/17
MSCO
02/23/17
UPGRADE
MSCO
Overweight
Tuniu upgraded to Overweight from Equal Weight at Morgan Stanley
02/24/17
MSCO
02/24/17
UPGRADE
Target $11
MSCO
Overweight
Tuniu upgraded to Overweight on margins, outbound travel at Morgan Stanley
As previously reported, Morgan Stanley upgraded Tuniu to Overweight from Equal Weight with an $11 price target. Analyst Grace Chen changed his views to reflect margin improvement and promising growth in outbound travel.
10/10/17
FBCO
10/10/17
INITIATION
FBCO
Outperform
Tuniu initiated with an Outperform at Credit Suisse
Credit Suisse analyst Ivy Ji initiated Tuniu with an Outperform rating and $11 price target, due to its attractive risk/reward.

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