Susquehanna upgrades Ctrip.com International (NASDAQ:
CTRP) from Neutral to Positive.
The firm said it does not see any signs of growth slowing down anytime soon and noted that Ctrip continues to book travel plans even in a Chinese market that is tightening its monetary supply. Due to the recent sell-off in the U.S. markets, Susquehanna said shares of Ctrip have become attractively valued and would begin building a position at these levels.
Ctrip.com International, Ltd. and its subsidiaries provide travel related services including hotel reservation, air-ticketing, packaged-tour services, as well as Internet advertising and other related services.