Morgan Stanley upgrades, says China travel recovery can boost stock more than 30%

Share has filed for a secondary listing in Hong Kong. The Chinese travel booking site is already listed on the Nasdaq in the U.S.
Rafael Henrique | SOPA Images | LightRocket | Getty Images

Shares of should get a boost in the summer months as a post-pandemic travel boom kicks off, according to Morgan Stanley.

Analyst Alex Poon upgraded the Shanghai-based online travel agency to overweight from equal weight, saying in a note to clients on Monday that the travel recovery in China was about to kick into gear.

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