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Global Business Travel price target raised to $12 from $10 at Evercore ISI

Evercore ISI raised the firm’s price target on Global Business Travel (GBTG) to $12 from $10 and keeps an Outperform rating on the shares. GBTG’s strategic moves and partnerships are “positioning it well for future growth,” but the stock is “still flying under the radar” despite a “notable” increase in adjusted EBITDA projections for 2027, driven by acquisition synergies and operational efficiencies, the analyst tells investors.

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