Amadeus IT: Oddo BHF downgrades share

(CercleFinance.com) - Oddo BHF has downgraded its rating on the Amadeus IT Holding share from "buy" to "neutral," while maintaining its target price at 78.
5 euros (current price 71.5 euros), despite an the travel services distributor's outperformance in Q3 in what it says is an adverse environment.

While it also notes greater confidence in the Spanish group reaching its targets for 2019, the broker highlights a deterioration of premium demand and a pitfall on the hospitality market, with the halt of Premier Inn.


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