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Fly News Breaks for March 27, 2018
TVPT
Mar 27, 2018 | 07:12 EDT
Deutsche Bank analyst Ashish Sabadra raised his price target for Travelport to $21 saying activist involvement should unlock shareholder value. The presence of Elliott Management should "finally help accelerate" the sale of eNett and a potential divestiture of non-core businesses, Sabadra tells investors in a research note. The analyst adds that the potential for taking Travelport private "is challenging given the history." Sabadra keeps a Buy rating on the shares.
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