Erste Group upgraded Booking Holdings to Buy from Hold citing the company’s global diversification, broad product portfolio and strong technology with a focus on artificial intelligence. Booking has a significantly higher operating margin than the median of its competitors, confirming its “very good positioning in the sector,” the analyst tells investors in a research note. The firm says the ongoing “boom” in the travel sector will also make a further contribution to the company’s “dynamic” revenue and earnings growth.
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