[ET Net News Agency, 26 May 2026] Morgan Stanley lowered the target price for Tongcheng Travel (00780) to HKD27 from HKD29 and maintained the "overweight" rating.
The research house said following the 1Q26 results, it reduces revenue estimates by 4-6% to incorporate the negative impact on demand due to higher air ticket prices. (rc)
The research house said following the 1Q26 results, it reduces revenue estimates by 4-6% to incorporate the negative impact on demand due to higher air ticket prices. (rc)