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Fly News Breaks for June 16, 2016
Jun 16, 2016 | 07:37 EDT
Brean Capital lowered its price target on (CTRP) to $52 from $56 after the company posted solid results, but provided soft guidance, which was mainly attributed to the near-term revenue growth pressure from Qunar (QUNR) given the recent adjustment of the air ticketing business and the changes to Qunar's hotel business targeting profitable growth. Brean Capital views as a core holding and reiterated its Buy rating on its shares.