Goldman Sachs analyst James Schneider downgraded Sabre to Sell from Neutral and lowered his price target for the shares to $20 from $23. Industry-level challenges in each of Sabre's business segments are likely to be headwinds to revenue growth over the next year, Schneider tells investors in a research note. These include slower airline capacity growth in its Travel Network, client-specific issues in Airline Solutions, and prospective hotel consolidation in Hospitality Solutions, contends the analyst. Schneider sees cyclical and industry-level challenges dampening Sabre's growth over the next 12-18 months.