Morgan Stanley analyst Alex Poon raised the firm’s price target on Trip.com Group to $40 from $32 and keeps an Overweight rating on the shares following the company’s Q3 beat. Looking beyond Q4 and Q1 of 2023 due to "Covid hiccups," Poon says all its business segments are set to see strong rebounds starting from Q2 driven by China’s reopening.
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Published first on TheFly
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