Citi lowered the firm’s price target on Global Business Travel (GBTG) to $9 from $11 and keeps a Buy rating on the shares. The firm cites AI-disruption multiple compression for the target cut but sees a favorable risk/reward for the shares given the company’s “strategic potential.” It believes Global Business Travel continues to execute well.
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Read More on GBTG:
- Global Business Travel Group: Delivering Synergies and Resilient to AI Risk, Justifying a Buy/High Risk Rating Despite Sector Multiple Compression
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- Global Business Travel price target lowered to $9 from $10 at BTIG
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