Fly News Breaks for August 17, 2016
Aug 17, 2016 | 07:24 EDT
Oppenheimer analyst Jed Kelly believes Ctrip.com (CTRP) will likely beat Wall Street's Q2 revenue and margin estimates given a stable travel environment. However, the analyst says that increasing competition, and Qunar's (QUNR) ongoing China Southern dispute, could produce cautious commentary around Q3 profit and cause volatility in the shares. Nonetheless, Kelly sees Ctrip.com as well positioned to gain share of China's under-penetrated online travel market, and would take advantage of any near-term weakness to accumulate shares. He reiterates an Outperform rating and $55 price target on Ctrip.com's shares.
News For CTRP;QUNR From the Last 2 Days
Sep 13, 2019 | 07:52 EDT
Cowen analyst Kevin Kopelman raised his price target on Ctrip to $40 from $36 following Q2 results. The analyst raised his target to reflect his growing confidence in margin expansion and noted margins remain strong and on track for +20%+ in 2020. Kopelman reiterated his Outperform rating on Ctrip shares.