Seeking Alpha

Oppenheimer says buy on pullback

|About: Group Limited (TCOM)|By: , SA News Editor

Oppenheimer analyst Jed Kelly calls's (NASDAQ:TCOM) Coronavirus outbreak-related pullback a "buying opportunity."

The analyst notes that outbreaks are "generally temporary disruptions to travel" and he still expects revenue to accelerate in H2 on easier comps.

Kelly: "The situation is fluid, difficult to quantify, and likely weighs on sentiment for the majority of 1H:2."

TCOM shares are down 1.3% pre-market to $35.40.