Amadeus: Morgan Stanley maintains 'overweight' rating

(CercleFinance.com) - Morgan Stanley is maintaining its "overweight" rating on the shares of Spanish travel technology company Amadeus, saying that "turbulence" is now easing.


"With the shares up just 12% year-to-date, Amadeus has lagged software peers/the wider market following weaker global distribution service (GDS) performance/concerns around airline IT renewals," the investment bank stated in a report on Wednesday.

"Our analysis suggests an improving outlook into the second half of 2019 and 2020," it added.

The broker maintains its target price for the stock at 80 euros, representing upside potential of 17%.

In late-morning trading Amadeus shares were up 0.2% at 68.1 euros.

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