Trip.com Group price target raised to $53 from $49 at Citi

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.