Mizuho raised the firm’s price target on Trip.com Group to $55 from $50 and keeps a Buy rating on the shares post the fiscal Q2 report. The company’s profitability came in significantly above expectations driven by higher air ticket prices and hotel rates, the analyst tells investors in a research note. The firm expects improving trends in Trip.com’s domestic China to be sustained and outbound to further recover by year-end.
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: