Morgan Stanley Upgrades 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 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 Group Limited click here. For more ratings news on Group Limited click here.

Shares of Group Limited closed at $37.51 yesterday.

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