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UPDATE: J.P. Morgan Initiates Coverage on on Multiple Positive Factors

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In a report published Friday, J.P. Morgan analyst Alex Yao initiated coverage on International Ltd. (NASDAQ: CTRP) with a Neutral rating and $44.00 price target.

In the report, J.P. Morgan noted, “We initiate coverage on Ctrip with a Neutral rating and a Jun-14 PT of USD44. The intensive coupon-based price competition within China's OTA market has eased since late 2012. We believe Ctrip is likely to see continued margin improvement over the next few years, driven by: 1) a more benign competitive environment, and 2) increasing profitability of projects that are currently under incubation (e.g. Tujia, etc). 3) higher return of user acquisition cost of mobile users.” International Ltd. closed on Thursday at $47.22.

Latest Ratings for CTRP

Oct 2015Bank of AmericaUpgradesNeutralBuy
Sep 2015OppenheimerMaintainsOutperform
Aug 2015Stifel NicolausUpgradesHoldBuy

View More Analyst Ratings for CTRP
View the Latest Analyst Ratings

Posted-In: Alex Yao J.P. MorganAnalyst Color Initiation Analyst Ratings


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