The Priceline Group Announces Additional Investment in Ctrip
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Summit Research 'Aggressive' Buyers of Ctrip (CTRP); PT Lifted to $122
May 26, 2015 7:00 AM EDTSummit Research analyst Henry Guo reiterated a Buy rating and boosted his price target on Ctrip.com (NASDAQ: CTRP) to $122.00 (from $80.00), saying they have become aggressive buyers of the stock.
Guo commented, "CTRP shares were up strongly last Friday after the company announced its acquisition of... More
Priceline (PCLN) Will Make Additional $250M Investment in Ctrip.com (CTRP)
May 26, 2015 6:13 AM EDTThe Priceline Group (Nasdaq: PCLN) announced that it will invest an additional $250 million in Ctrip.com International, Ltd. (Nasdaq: CTRP). The investment will be made via a convertible bond and Ctrip has granted permission to The Priceline Group to increase its ownership in Ctrip through the acquisition of Ctrip's American depositary shares in the open market... More
