FBR Capital Starts Sabre Corporation (SABR) at Market Perform
Get Alerts SABR Hot Sheet
Rating Summary:
7 Buy, 7 Hold, 4 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
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FBR Capital initiates coverage on Sabre Corporation (NASDAQ: SABR) with a Market Perform rating and a price target of $17.00.
Analyst Jake Fuller said, "Sabre Corporation (SABR) is a key player in the travel ecosystem and unlikely to be dislodged as has been often feared over the years. The company's relationship with the airlines has reached a place of relative stability. In addition, Sabre is ramping its higher-multiple software business, and Travelocity has been restructured to reduce drag. All good news, but we do not see a compelling growth story and consider the valuation to be a fair assessment of Sabre’s prospects. That said, we initiate coverage with a Market Perform rating and a 12-month price target of $17 per share. Within the travel technology and services space, we would steer investors toward Expedia (EXPE – Outperform) and Priceline (PCLN – Outperform) where we see a better secular backdrop, superior growth dynamics, and more appealing valuations."
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 $16.29 yesterday.
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