Mizuho Securities reiterated a Buy rating and $35.00 price target on Sabre Corporation (NASDAQ: SABR) following the company's announced acquisition of Trust Group for $154m. The acquisition will give the company greater presence in central reservations, revenue management and hotel marketing arenas. Management expects the deal to close in 1Q16 and the acquisition is expected to add $40m to 2016 sales, be accretive to adjusted EBITDA and neutral to non-GAAP EPS in 2016.

Analyst Abhey Lamba commented, "Sabre announced the acquisition of Trust Group for $154m. The transaction is expected to close in 1Q16. Management sees sales contribution of $40 million to top-line in 2016 while being accretive to EBITDA and neutral to EPS. We believe the deal incrementally enhances the company's presence in EMEA and Asia in the hotel reservations space. Maintaining Buy rating and $35 PT."

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Shares of Sabre Corporation closed at $29.91 yesterday.