Amadeus IT: UBS upgrades recommendation
(CercleFinance.com) - UBS upgrades Amadeus IT shares from 'neutral' to 'buy', with a target price raised from E67 to E80, now implying 16% upside potential for the stock of the Spanish distributor of online airline tickets.
While risks linked to new distribution capacities have weighed over the past 15 months, the broker foresees a normalisation of disintermediation trends, and points to potential share buybacks and a low valuation.
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