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Stock Market & Financial Investment News

News Breaks
January 13, 2014
06:16 EDTQUNR, CTRPCtrip.com price target lowered to $42 from $56 at Piper Jaffray
Piper Jaffray lowered its price target for Ctrip.com (CTRP) shares to $42 citing the "intensely" promotional and competitive Chinese travel environment. Piper notes shares are down 20% since competitor Qunar (QUNR) announced on January 3 that it has the number one mobile app for air-ticket booking. The firm keeps a Neutral rating on shares of Ctrip.
News For CTRP;QUNR From The Last 14 Days
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September 29, 2014
17:08 EDTCTRPPriceline reports 5.84% stake in Ctrip.com
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September 28, 2014
19:38 EDTCTRPCtrip.com to purchase certain premises in Sky SOHO
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September 25, 2014
15:05 EDTCTRPData suggest Ctrip.com may beat Q3 revenue guidance, says Piper Jaffray
Piper Jaffray said its analysis of China hotel and air travel data in the first two months of Q3 suggests Ctrip.com should at least hit the high end of its 30%-35% revenue growth forecast and may beat it, but by a lower amount than the company has previously beat in prior quarters. The firm maintains its Neutral rating on Ctrip, citing the volatility in China travel fundamentals.
September 23, 2014
10:17 EDTCTRPCTA president sees Chinese spending $155B overseas this year, China Daily says
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