Barclays raised the firm’s price target on Trip.com Group to $46 from $40 and keeps an Overweight rating on the shares. The company reported better than expected revenue and much better than expected earnings for Q4, the analyst tells investors in a research note. The firm says the highlight is that trends so far in Q1 already have reached pre-COVID levels in 2019 with strong recovery momentum likely to continue throughout 2023.
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