Imperial Capital reiterated an Outperform rating on Sabre Corporation (NASDAQ: SABR), and raised the price target to $35.00 (from $30.00), following 2Q15 results. Sabre reported 2Q15 adjusted EPS of $0.27, above consensus of $0.24 per share. Adjusted revenue increased 9.4% year-over-year to $707mn.

Analyst Scott Buck commented, "We are maintaining our Outperform rating and increasing our one-year price target on SABR shares to $35 from $30. We continue to view SABR as an attractive defensive investment as revenues and earnings are driven by passenger booking counts and airport boarding counts across the globe rather than simply U.S. travel spend. In addition, long-standing contracts and relationships are in place across the Travel Network and Airline Solutions as well as the Hospitality Solutions sectors, providing potential high earnings stability and visibility going forward. We believe investor interest should continue to increase as the core travel network and IT solutions business continue to produce predictable earnings with modest growth. Our new price target represents 24% potential upside from recent trading levels."

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Shares of Sabre Corporation closed at $28.14 yesterday.