Morgan Stanley Upgrades Trip.com Group Limited (TCOM) to Overweight

May 17, 2021 5:20 AM EDT
Get Alerts TCOM Hot Sheet
Price: $36.88 -1.02%

Rating Summary:
    9 Buy, 4 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 15 | Down: 13 | New: 24
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(Updated - May 17, 2021 6:19 AM EDT)

Morgan Stanley analyst Alex Poon upgraded Trip.com Group Limited (NASDAQ: TCOM) from Equalweight to Overweight with a price target of $50.00 (from $40.00).

The analyst comments "We see an upward revenue revision cycle beginning in 2Q21 driven by normalized domestic travel. We also think the Street will price-in a recovery in outbound travel in the next 12 months. We also lay out our bull case where TCOM regains share in lower-tier cities."

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 $37.51 yesterday.


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