Ctrip (CTRP +4.9%) is higher following an upgrade to Outperform from Macquarie: the firm thinks...

|By:, SA News Editor

Ctrip (CTRP +4.9%) is higher following an upgrade to Outperform from Macquarie: the firm thinks sales and earnings have bottomed, and that the Chinese online travel market will show strong growth in the coming years. Ctrip rallied after delivering a Q3 beat and decent Q4 guidance last month, but some have been concerned about share loss.