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PiperJaffray Maintains Rating on International


PiperJaffray has published a research report on (NASDAQ: CTRP) International, updating shareholders on the company.

In the report, Piper Jaffray writes, "We continue to believe Ctrip's +15-20% y/y net RMB revenue growth guidance for Q2 is conservative and we are modeling for RMB revenue growth of 25% for Q2 at $133.7m; Street estimates call for revenue of $128.9m." Piper Jaffray decided that it was no longer necessary to create estimates of both firmwide and organic revenue.

PiperJaffray kept the Overweight rating on, maintaining the price target of $49.00. International closed yesterday at $43.70. Trading today dropped the price 1.51% to $43.11.

Posted-In: International PiperJaffrayAnalyst Color Analyst Ratings


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