Amadeus: Oddo BHF rocks stock, raises TP
(CercleFinance.com) - Oddo BHF has confirmed its "outperform" rating on Amadeus shares, increasing its target price for them by 10% from E70 to E77, judging that, despite its good annual performance, the stock still seems modestly valued.
In the wake of its quarterly publication, the analyst points to a sound performance by Amadeus, which shows the potential for recovery linked to the reopening of the Asian market, both in terms of volumes and an increase in average booking fees.
As a result of this better-than-expected Q1 and a strong month of April, continuing into May, the broker has slightly raised its 2023 forecast for the Spanish air travel sales platform.
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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.
In the wake of its quarterly publication, the analyst points to a sound performance by Amadeus, which shows the potential for recovery linked to the reopening of the Asian market, both in terms of volumes and an increase in average booking fees.
As a result of this better-than-expected Q1 and a strong month of April, continuing into May, the broker has slightly raised its 2023 forecast for the Spanish air travel sales platform.
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.