(News Bulletin 247) – UBS changes its recommendation from Buy to Neutral on Amadeus shares and at the same time raises its price target from 66.3 to 71E.
The slowdown in growth momentum is underlined by the analyst. “We see more limited upside as traffic normalization levels are nearly complete and the ‘deficit’ in the pace of GDS recovery could last for some time,” the broker said.
Recall that Amadeus recorded an EBITDA up 72.3% to 509.8 million euros in the first quarter. Adjusted profit increased by 187.6% to 273.1 million euros.
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