Morgan Stanley Downgrades Ctrip.com (CTRp) to Equalweight Citing Maccro/Industry Headwinds

Morgan Stanley analyst Alex Poon downgraded Ctrip.com (NASDAQ: CTRp) from Overweight to Equalweight with a price target of $35.00 (from $43.00).

The analyst comments "We downgrade Ctrip to EW as we expect macro and industry headwinds to impact both domestic and international revenues more severely in 2H19. Meaningful margin expansion in 2019 is priced-in and will likely slow from 2020 onwards."

For an analyst ratings summary and ratings history on Ctrip.com click here. For more ratings news on Ctrip.com click here.

Shares of Ctrip.com closed at $35.11 yesterday.

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