Trip.Com shares are trading higher after JP Morgan upgraded the stock from Neutral to Overweight and raised its price target from $39 to $50.
Portfolio Pulse from Benzinga Newsdesk
JP Morgan has upgraded Trip.Com's stock from Neutral to Overweight and raised its price target from $39 to $50. This has resulted in Trip.Com shares trading higher.
July 31, 2023 | 2:37 pm
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POSITIVE IMPACT
JP Morgan's upgrade of Trip.Com's stock and raised price target has led to an increase in the trading price of the company's shares.
The upgrade from JP Morgan, a major financial institution, is a strong positive signal for investors. This, coupled with the raised price target, indicates a bullish outlook for the stock, leading to increased trading and potentially higher short-term prices.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100