Ctrip Acquires Strategic Stake in eLong
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May 26, 2015 8:44 AM EDT
Oppenheimer analyst Manish Hemrajani adjusted estimates on Expedia (NASDAQ: EXPE) following the eLong divestiture but maintained a Perform rating.
Hemrajani commented, "On Friday last week, Expedia announced that it has sold its entire stake in eLong to Ctrip and... More
May 26, 2015 7:00 AM EDT
Summit Research analyst Henry Guo reiterated a Buy rating and boosted his price target on Ctrip.com (NASDAQ: CTRP) to $122.00 (from $80.00), saying they have become aggressive buyers of the stock.
Guo commented, "CTRP shares were up strongly last Friday after the company announced its acquisition of... More
May 22, 2015 10:54 AM EDT
RBC Capital analyst Mark Mahaney raised his price target on Outperform-rated Expedia (NASDAQ: EXPE) to $130.00 (from $120.00) after the company announced that it sold its 62.4% share of eLong to a number of China-based buyers, including competitor Ctrip, in which Priceline has a minority stake. The... More
May 22, 2015 10:22 AM EDT
Raymond James upgraded Ctrip.com (NASDAQ: CTRP) from Market Perform to Strong Buy with a price target of $111.00.
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 $71.99 yesterday.
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May 22, 2015 6:31 AM EDT
Expedia (NASDAQ: EXPE) announced that Expedia has sold its 62.4% majority stake in eLong, Inc. (NASDAQ: LONG) to several purchasers based in China, including Ctrip.com International, Ltd. (NASDAQ: CTRP), Keystone Lodging Holdings Limited,... More
