Sabre price target lowered to $2.40 from $2.90 at BofA

BofA analyst Victor Cheng lowered the firm’s price target on Sabre (SABR) to $2.40 from $2.90 and keeps a Buy rating on the shares. The firm continues to expect Sabre to materially outpace Global Distribution System industry growth on air bookings, noting that it forecasts Sabre to grow 4.3% on air bookings in FY26, ahead of the industry of about 1.4%. However, the firm cites lower growth and free cash flow across outer years for its lowered price target