BMC Increases PT on eLong to $20, Reiterates Buy (LONG)

BMC increased its price target on eLong (NASDAQ: LONG) from $17 to $20. At the same time, it left its rating unchanged at Buy.

eLong's shares are skyrocketing recently. On Monday, its shares added 12.77% to its value to close the day at $16.96. In today's pre-market trading they added an additional 6.13% and are currently standing at $18.