Sabre price target raised to $4 from $3.50 at Bernstein

Bernstein raised the firm’s price target on Sabre (SABR) to $4 from $3.50 and keeps a Market Perform rating on the shares. The fear from earlier this year–that airline profit warnings and subsequently the imposition of tariffs would spark a new industry downturn–has not come to pass, the firm notes. Traffic is still growing, and airlines are adding capacity, with only intra North American capacity failing to post meaningful year-over-year growth into summer.