Reported about 19 hours ago
Citi analyst Brian Gong has maintained a Buy rating on Trip.com Group Limited (NASDAQ: TCOM) with a price target of $78, citing the company's recent deal with MakeMyTrip as a key factor for his optimism. This deal will allow Trip.com to sell part of its stake in MakeMyTrip while retaining significant minority ownership, providing a one-time gain and increasing offshore cash, potentially boosting shareholder returns.
Source: YAHOO