TD Cowen lowered the firm’s price target on Trip.com (TCOM) to $68 from $73 and keeps a Buy rating on the shares. The firm said they reported strong Q4 revenues but its mix continues to be a drag on margins.
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Read More on TCOM:
- Trip.com price target lowered to $72 from $82 at Benchmark
- Trip.com Group: Solid Growth and Strengthening Global Position Support Buy Rating Despite Margin and Regulatory Headwinds
- Trip.com reports Q4 non-GAAP EPS RMB4.97, consensus RMB4.67
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