(News Bulletin 247) – Oddo BHF reaffirms its ‘outperformance’ opinion on Amadeus with a price target raised from 70 to 77 euros, judging that ‘despite a good annual performance, the stock still seems modestly valued’.
The day after its quarterly publication, the analyst points to ‘a good performance from 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 costs’ .
Following this first quarter above its expectations and a month of April and early May which also promise to be solid, the design office is slightly raising its 2023 forecasts for the Spanish air travel sales platform.
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