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Amadeus: UBS downgrades share
(CercleFinance.com) - UBS has downgraded Amadeus shares from Buy to Neutral, while raising its target price for them from E66.
3 to E71 (cp: E68, -0.8%). The analyst highlights the slowdown in the growth momentum. "We see more limited upside as traffic normalisation levels near completion and the "deficit" in the pace of GDS recovery may last for a while," the broker says. Amadeus reported a 72.3% rise in Q1 EBITDA to E509.8m, while adjusted profit jumped 187.6% to E273.1m. Copyright (c) 2023 CercleFinance.com. All rights reserved. The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities. |
01/12/2023 17:22
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