Amadeus IT: well positioned with broker upgrade

(CercleFinance.com) - Amadeus IT gains more than 1% in Madrid with the support of UBS, which raises its recommendation from 'neutral' to 'buy', with a price target raised from 67 to 80 euros on the share of the Spanish distributor of airline tickets on the Internet.


While risks linked to new distribution capacities have weighed over the past 15 months, the broker predicts a normalization of disintermediation trends, and points to potential share buybacks and a low valuation.

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