Trip.com price target raised to $72 from $55 at Benchmark

Benchmark raised the firm’s price target on Trip.com to $72 from $55 and keeps a Buy rating on the shares. Trip.com reported “solid” Q1 results and gave Q2 guidance that was “moderately below expectation” owing to year-over-year pricing pressure, the analyst tells investors. However, the substantial beat of profitability in Q1 demonstrates strong operating leverage, which should sustain with upside potential, added the analyst.