Morgan Stanley Issues a Upgrade for Tuniu (NASDAQ:TOUR) from a “Equal-Weight” to “Overweight” Rating

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Tuniu (NASDAQ:TOUR) Stock Upgrade

Morgan Stanley gave Tuniu (NASDAQ:TOUR) shares a new “Overweight” rating in a recent report released on 8 December. The upgrade from the previous “Equal-Weight” rating is certainly an interesting one.

The stock increased 0.65% or $0.1 on December 8, striking $15.5. Approximately shares of stock traded hands. Tuniu Corp (NASDAQ:TOUR) has declined 11.68% since May 6, 2015 and is downtrending. It has underperformed by 10.88% the S&P500.

 Morgan Stanley Issues a Upgrade for Tuniu (NASDAQ:TOUR) from a

Tuniu Corporation is an online travel company. The company has a market cap of $1.51 billion. The Firm offers a selection of packaged tours, including organized tours, self-guided tours and travel-related services for leisure travelers. It currently has negative earnings. The Company’s online platform, which consists of its tuniu.com Website and mobile platform, provides product and travel information to enable leisure travelers to plan their travels.

According to Zacks Investment Research, “Tuniu Corporation operates as an online leisure travel company in China. The Company provides packaged tours, organized tours, self-guided tours and other travel related products and services. Its online platform consists of its tuniu.com Website and mobile platform. Tuniu Corporation is headquartered in Nanjing, the People’s Republic of China.” Get a free copy of the Zacks research report on Tuniu Corp (TOUR).

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