Goldman Sachs Upgrades Ctrip.com (CTRP) Two Notches to Buy
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Price: $34.93 --0%
Rating Summary:
22 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
22 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Goldman Sachs upgraded Ctrip.com (NASDAQ: CTRP) from Sell to Buy with a price target of $25.00 (from $15.50), saying they see significant valuation upside in its business segment, and price competition in leisure is stabilizing.
"With best-in-class service quality and ongoing dominance in high-end business travel, Ctrip offers the best exposure to industry profit growth," the analyst said.
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 $19.54 yesterday.
"With best-in-class service quality and ongoing dominance in high-end business travel, Ctrip offers the best exposure to industry profit growth," the analyst said.
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 $19.54 yesterday.
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