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Susquehanna Upgrades Ctrip.com (CTRP) to Positive
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.
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... (continued)
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The firm said Callaway can post modest FY08 market share gains, despite the consumer environment being very challenging over the year. Wachovia attributed its upgrade on Callaway to several factors:
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