BTIG initiated coverage of Global Business Travel (GBTG) with a Buy rating and $10 price target At the heart of the stock’s investment story is the company’s above-category revenue and EBITDA growth driven by account retention, market share gains, M&A, digital penetration, and fixed leverage, the analyst tells investors in a research note. The firm adds that the stock trades at a discount of 8-times expected EBITDA vs 10-times average for its travel peers.
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