Mizuho lowered the firm’s price target on Trip.com (TCOM) to $79 from $84 and keeps an Outperform rating on the shares. The firm cites lower industry multiples for the target cut but remains constructive on the shares.
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Read More on TCOM:
- 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
- TCOM Upcoming Earnings Report: What to Expect?
