Barclays lowered the firm’s price target on Trip.com (TCOM) to $75 from $90 and keeps an Overweight rating on the shares. The company reported slightly better than expected revenue in Q4, which was broad-based across all segments, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TCOM:
- Trip.com price target lowered to $79 from $84 at Mizuho
- Trip.com price target lowered to $68 from $73 at TD Cowen
- 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
