A Major Bank Recently Downgraded Ctrip.com Stock. Should You Sell? [The Motley Fool]
CTRIP.COM INTL (CTRP)
Last ctrip.com intl earnings: 9/9 06:00 pm
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Source: The Motley Fool
This move by the company doesn't seem like a big deal to the business. Eric Volkman ( TMFVolkman ) Jan 11, 2018 at 7:34PM An emerging middle class in China is lifting the domestic travel industry to new highs, which greatly benefits the top online travel agency (OTA) in the country, Ctrip.com ( NASDAQ:CTRP ) . The company has posted some very impressive fundamentals recently, but it seems not every observer feels it's a worthwhile investment. In December, analyst Alex Yao from influential bank JPMorgan Chase downgraded his recommendation on Ctrip.com stock from overweight (i.e., buy) to neutral (neither bullish nor bearish). That's an interesting move considering the OTA is still on the rise. Is the change in opinion justified? Image source: Getty Images. A bundle of concern Yao's big concern with Ctrip.com, according to a report on Stree
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