Sabre upgraded to Neutral from Underperform at BofA

BofA upgraded Sabre to Neutral from Underperform with a price target of $5, up from $3.50. The analyst believes the company’s near-term risks have “somewhat eased,” creating a more balanced risk/reward for the shares. Sabre’s near-term liquidity and financing concerns have subsidized as interest rates have likely peaked while the company has also managed to extend most of its fiscal 2025 debt beyond fiscal 2027, the analyst tells investors in a research note.