Trip.com Group price target raised to $49 from $45 at Mizuho

Mizuho analyst James Lee raised the firm’s price target on Trip.com Group to $49 from $45 and keeps a Buy rating on the shares. The company’s Q4 results came in above expectations despite facing rising COVID cases, the analyst tells investors in a research note. Heading into fiscal 2023, the firm anticipates a faster rebound in domestic China travel, followed by a "meaningful recovery" in outbound in the second half of the year.