On April 18, GLONGHUI (TCOM.US) rose 3.54% to $49.97 before the market. According to the news, UBS raised Ctrip's target price from 52 US dollars to 57 US dollars and maintained a “buy” rating, predicting that Ctrip's revenue for the first quarter will increase 29% year over year. According to the report, recent travel market data shows that the recovery in domestic and foreign tourism activities has exceeded expectations, especially steady growth during the Lunar New Year holidays. Market momentum continued to be good in March, considering the increase in demand for short and leisure trips.
美股异动 | 携程盘前涨3.5% 瑞银料其首季业绩稳健增长29%
Changes in US stocks | Ctrip rose 3.5% before the market, UBS expects steady growth of 29% in the first quarter
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