Citi raised the firm’s price target on Trip.com Group to $53 from $49 and keeps a Buy rating on the shares post the Q4 report. The company’s operating margin of 26% was much better than expected despite seasonality, proving its efficiency improvement on marketing spending and implying a better margin outlook ahead, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on TCOM: