Bernstein analyst Alex Irving initiated coverage of Sabre with an Underperform rating and $4 price target. The company’s debt is too high, with interest costs exceeding EBITDA in 2023, and will continue to constrain Sabre’s ability to invest in development, which will worsen its competitive gap to larger peer Amadeus, the analyst tells investors in a research note. The firm says Sabre’s global distribution system business is facing rising competition and dilution of market share and margins.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on SABR:
- Sabre says Kurt Ekert to replace Sean Menke as CEO, effective April 27
- Sabre, Royal Jordanian renews, expands distribution, technology agreement
- Sabre put volume heavy and directionally bearish
- Sabre’s fourth quarter and full year 2022 earnings materials available on its Investor Relations website
- Sabre sees FY23 revenue $2.8B-$3B, consensus $3.16B