BofA analyst Joyce Ju raised the firm’s price target on Trip.com (TCOM) to $85 from $83 and keeps a Buy rating on the shares after the company reported “solid results” in Q3, primarily driven by strong hotel bookings during the summer holidays and October’s Golden Week. For Q4, the firm forecasts net revenue growth of 17% year-over-year, accelerating from Q3, driven by robust holiday demand in overseas markets that helps counter China’s weakest seasonal quarter.
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