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Fly News Breaks for January 22, 2020
TCOM
Jan 22, 2020 | 08:10 EDT
Oppenheimer analyst Jed Kelly notes that Trip.com Group's shares traded down on concerns the novel coronavirus outbreak, centered in Wuhan, is negatively impacting Lunar New Year travel. The analyst believes the situation is fluid, difficult to quantify, and likely weighs on sentiment for the majority of the first half of 2020. Given valuation, Kelly sees attractive risk/reward, and maintains an Outperform rating and a $44 price target on the shares.
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