Qunar (QUNR) Misses Q2 EPS by RMB0.47, Offers Outlook
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Summit Research Cuts Price Target on Qunar (QUNR) to $36 Following 2Q15
August 25, 2015 10:38 AM EDTSummit Research maintained a Hold rating on Qunar Cayman Islands (NASDAQ: QUNR), and cut the price target to $36.00 (from $50.00), following the company's 2Q15 earnings results. Analyst Henry Guo said that the company reported strong results, ahead of Street's expectations. However, concerns on how sustainable this hotel momentum is, if the company decreases or withdraws... More
