Jefferies analyst Charles Brennan raised the firm’s price target on Amadeus IT Group (AMADY) to EUR 65 from EUR 60 and keeps a Buy rating on the shares following the company’s Q1 earnings report, which the firm noted was “comfortably ahead of consensus that had been drifting down on Middle East concerns.” Jefferies added that the company’s guidance was impacted by uncertainty in the Middle East, with management now expecting 3% global traffic growth, down from 4.5%, but still expecting unchanged FY26 guidance for high single digit revenue growth and broadly flat margins.
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