Sabre stock surges toward a 1-year high, after Deutsche Bank analyst turns bullish
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Sabre stock surges toward a 1-year high, after Deutsche Bank analyst turns bullish

Shares of Sabre Corp.
SABR,
+10.26%

charged 8.7% higher, toward a one-year high, after Deutsche Bank analyst Ashish Sabadra turned bullish on the travel services software and technology company, citing optimism over the recently announced Google partnership and the post-COVID-19 recovery. Sabadra raised his rating to buy from hold, and boosted his stock price target to $17, which implies a 23% gain from current levels, from $12. He said Sabre’s “competitive positioning has improved,” after Sabre and Alphabet Inc.’s
GOOGL,
+0.39%

Google Cloud said they were joining forces. “In addition, we believe the permanent cost take-out and technology savings from shift to Cloud will drive…

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