Bernstein upgrades Sabre on potential SynXis sale amid demand weakness
Investing.com -- Bernstein upgraded Sabre (NASDAQ:SABR) Corp to "Market-Perform" from "Underperform," citing the potential sale of its SynXis hospitality business as a possible catalyst for balance sheet improvement, even as U.S. airline demand softens. U.S. airline demand is showing signs of weakness, with large carriers providing softer guidance, particularly in government-related and domestic leisure travel. However, international demand remains stable, with European airlines largely unaffected.