ClearBridge Investments, an investment management company, released its “ClearBridge Mid Cap Strategy” Q4 2025 investor letter. A copy of the letter can be downloaded here. During the quarter, the ClearBridge Mid Cap Strategy reported underperformance versus the Russell Midcap Index, which returned 0.16% during the period, as narrow market leadership and sentiment-driven trading weighed on results. Weakness in information technology and real estate holdings pressured returns, while gains in select consumer ...

Core Viewpoint - Trip.com Group Limited (NASDAQ:TCOM) is considered one of the most undervalued foreign stocks to buy according to analysts, despite facing regulatory challenges in China [1][2]. Group 1: Analyst Ratings - Lei Yang from CGS International reiterated a Buy rating on Trip.com with a price target of HK$551 [1]. - Alex Yao from J.P. Morgan also maintained a Buy rating, raising the price target from $75 to $90 [1]. Group 2: Regulatory Challenges - The company received a formal notice of investigation from the State Administration for Market Regulations of China for alleged anti-monopoly practices, leading to a share price decline of over 16.9% since the announcement [2]. - J.P. Morgan analysts noted that the basis of the case was prior verification by the regulatory body, and they expect further share price declines in the short term due to investor concerns over potential fines and regulatory uncertainty [3]. Group 3: Company Overview - Trip.com Group Limited provides end-to-end solutions for corporate travel, lodging, tours, and transportation sectors [4].

Core Viewpoint - Trip.com Group Limited (NASDAQ: TCOM) is viewed positively by Wall Street following its strong fiscal Q3 2025 earnings report, which exceeded estimates [1]. Financial Performance - In fiscal Q3, Trip.com reported a revenue increase of 17.64% year-over-year, reaching $2.58 billion, surpassing estimates by $18.41 million [3]. - The earnings per share (EPS) was $3.88, exceeding estimates by $2.75 [3]. - The growth was primarily driven by robust cross-border travel momentum, with overall bookings on its international OTA platform increasing by 60% year-over-year and inbound travel bookings more than doubling [3]. Analyst Ratings and Projections - Yang Liu from Morgan Stanley reiterated a Buy rating with a price target of $86 on November 26 [2]. - Joyce Ju from Bank of America Securities raised the price target from $83 to $85 while maintaining a Buy rating [2]. - Ju anticipates that Trip.com will grow its international revenue by approximately 50% to 60% in Q4, with the international segment expected to account for a high teen percentage of total revenue [4]. Business Overview - Trip.com Group Limited provides comprehensive solutions across corporate travel, lodging, tours, and transportation sectors [4].