Amadeus has received a rise in advice and valuation from the analysts of JP Morgan. These experts have improved their recommendation to overweight from neutral and have raised their target price to 70 euros per share from 58 euros, which yields a 15% upside potential on the current market price (59 euros).
For JP Morgan, the main catalyst for Amadeus It will be a turning point in travel recoveryIn his opinion, “not only do year-on-year comparisons get much easier from here, but after five quarters of model downgrades, we believe that we are in a position to see more consistent earnings improvements in the future, as travel restrictions are lifted and the vaccination process progresses. “
For these analysts, Amadeus is a…