Morgan Stanley out Positive on Trip.com Group Limited (TCOM): 'Outbound flight capacity recovery should drive the stock further'

Morgan Stanley analyst Alex Poon reiterated an Overweight rating and $50.00 price target on Trip.com Group Limited (NASDAQ: TCOM).

The analyst comments "Although RevPAR for the week ended Mar 18 slipped to -12% vs. 2019's level (absolute amount is up 6% WoW), OTAs are gaining share and forward booking is shaping up to see strong Qingming and Labor Day holidays. Outbound flight capacity recovery should drive the stock further."

For an analyst ratings summary and ratings history on Trip.com Group Limited click here. For more ratings news on Trip.com Group Limited click here.

Shares of Trip.com Group Limited closed at $37.19 yesterday.

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