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Fly News Breaks for September 10, 2019
Sep 10, 2019 | 09:11 EDT
As previously reported, Morgan Stanley analyst Alex Poon downgraded Ctrip to Equal Weight from Overweight after the company's Q3 guidance was weaker than consensus expectations. Poon, who thinks the weakness could continue in Q4 given macro and industry headwinds for both domestic and international revenues, lowered the price target on Ctrip shares to $35 from $43.
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