JP Morgan Upgrades Trip.com Group to Overweight, Raises Price Target to $50
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst Alex Yao has upgraded Trip.com Group (NASDAQ:TCOM) from Neutral to Overweight and raised the price target from $39 to $50.
July 31, 2023 | 8:43 am
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POSITIVE IMPACT
JP Morgan's upgrade of Trip.com Group to Overweight and a raised price target could lead to a positive impact on the company's stock price.
Analyst upgrades typically have a positive impact on a company's stock price. In this case, JP Morgan's upgrade of Trip.com Group from Neutral to Overweight, along with a raised price target, indicates a positive outlook for the company's stock. This could lead to increased investor confidence and a potential rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100