JPMorgan Downgrades Ctrip.com (CTRP) to Neutral
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JPMorgan downgraded Ctrip.com (NASDAQ: CTRP) from Overweight to Neutral with a price target of $45.00 (from $50.00).
Analyst Alex Yao expects VAS cross-sale de-bundling to slow in 2018 and dampen earnings growth. The analyst expects shares to trade range-bound over the coming quarters.
Shares of Ctrip.com closed at $45.95 yesterday.
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Create E-mail Alert Related CategoriesAnalyst Comments, Analyst PT Change, Downgrades
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