Ctrip Downgrade Spurred By More Balanced Risk/Reward

By | June 25, 2014

Scalper1 News

Online travel agency Ctrip.com International (CTRP) got a downgrade from Raymond James on Wednesday that still kept the rating at outperform, or buy, as the investment bank said fundamentals remained strong. Raymond James analysts Aaron Kessler and Ben Cohen downgraded the Shanghai-based company from strong buy, citing a more balanced risk/reward. Ctrip stock was up nearly 3% in afternoon trading in the stock market today, near 59.25, as Raymond Scalper1 News

Scalper1 News