UPDATE: Morgan Stanley Upgrades Ctrip.com International as Near-Term Volatility Offers Buying Opportunity

In a report published Thursday, Morgan Stanley analyst Philip Wan upgraded the rating on Ctrip.com International (NASDAQ: CTRP ) from Equal-Weight to Overweight, but lowered the price target from $55.00 to $50.50. In the report, Morgan Stanley noted, “Ctrip's share price has dropped ~30% since its 3Q result (Nov 6