BofA lowered the firm’s price target on Trip.com (TCOM) to $68 from $77 and keeps a Buy rating on the shares after the company reported Q4 results. The company sees pressured hotel and air prices in Q1 and sees international expansion to weigh on 2025 margins, the analyst tells investors. The firm now expects Q1 revenue to grow 16% year-over-year, decelerating from 20% in 2024, primarily due to a normalized outbound base this year and conservative expectations on air and hotel pricing based on year-to-date trends.
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