Fly News Breaks for November 14, 2019
Nov 14, 2019 | 06:46 EDT
Mizuho analyst James Lee recommends buying shares on Trip.com Group on the selloff following the company's lower Q4 guidance. The weakness on geopolitical headwinds is a short-term issue, not structural, Lee tells investors in a research note. He believes Trip.com is the "best-in-class" online travel agency globally due to easing competitive pressure within China and outbound travel opportunities "with limited competition." The analyst lowered his price target for the shares to $40 from $45 and keeps a Buy rating on the name.
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