Trip.com price target raised to $65 from $60 at Mizuho

Mizuho analyst James Lee raised the firm’s price target on Trip.com to $65 from $60 and keeps a Buy rating on the shares. The company’s profitability came in significantly above expectations, driven by recovering demand for travel and efficiency gains from cross-selling, the analyst tells investors in a research note. The firm expects Trip.com’s revenue mix shift to continue supporting margin expansion.