UPDATE: Bernstein Upgrades Sabre Corporation (SABR) to Outperform

(updating comment)

Bernstein analyst Mark Moerdler upgraded Sabre Corporation (NASDAQ: SABR) from Market Perform to Outperform with a price target of $10.00 (from $6.00).

The analyst comments "After reviewing the company's cash and multiple conversations with management about the business, we believe that under reasonable assumptions as to the future of air travel that Sabre will survive and that as air travel returns so will Sabre's earnings and FCF. Given a range of assumptions as to future revenue growth and the risk premium, we believe that Sabre will outperform over the next few years. We are therefore raising our target price and upgrading the company to Outperform."

For an analyst ratings summary and ratings history on Sabre Corporation click here. For more ratings news on Sabre Corporation click here.

Shares of Sabre Corporation closed at $6.72 yesterday.

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