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SABR

Sabre

$23.74

-0.19 (-0.79%)

15:10
08/20/19
08/20
15:10
08/20/19
15:10

Sabre to challenge DOJ lawsuit seeking to block Farelogix acquisition

Sabre Corporation announced that it will challenge the lawsuit filed by the U.S. Department of Justice seeking to block the company's planned acquisition of Farelogix, Inc. Farelogix, a recognized innovator in the highly competitive airline technology space whose New Distribution Capability technology is used by a number of airlines around the world, will bring capabilities to Sabre that will accelerate the delivery of the industry's first end-to-end NDC-enabled solution for the retailing, distribution and fulfillment of travel, the company said. Sabre is confident of the pro-competitive nature of this transaction, that it will succeed in court, and that the transaction will ultimately be completed. Sabre contended that the DOJ's claims "lack a basis in reality and reflect a fundamental misunderstanding of the industry," adding that the department "claims that Sabre and Farelogix compete head to head for airline bookings in the United States, but that claim misstates Farelogix's role in the industry." Sabre and Farelogix have extended the termination date of their acquisition agreement to April 30, 2020, allowing time to resolve the challenge by the DOJ. Sabre will file its formal written response to the DOJ's complaint in court at the appropriate time.

SABR Sabre
$23.74

-0.19 (-0.79%)

06/07/19
06/07/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Sabre (SABR) initiated with a Buy at Mizuho. 2. Establishment Labs (ESTA) initiated with an Overweight at Stephens. 3. Fate Therapeutics (FATE) initiated with a Neutral at Roth Capital. 4. Select Interior Concepts (SIC) initiated with a Buy at Seaport Global. 5. Applied Materials (AMAT) initiated with a Neutral at Nomura Instinet. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
06/19/19
GSCO
06/19/19
DOWNGRADE
Target $20
GSCO
Sell
Sabre downgraded to Sell from Neutral at Goldman Sachs
Goldman Sachs analyst James Schneider downgraded Sabre to Sell from Neutral and lowered his price target for the shares to $20 from $23. Cyclical and industry-specific challenges pose headwinds to the company's revenue growth, Schneider tells investors in a research note.
06/19/19
GSCO
06/19/19
DOWNGRADE
Target $20
GSCO
Sell
Goldman downgrades Sabre to Sell on cyclical, industry-level challenges
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.
06/19/19
06/19/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. SunPower (SPWR) downgraded to Market Perform from Outperform at Raymond James with analyst Pavel Molchanov citing a "lofty enough" valuation. 2. Sabre (SABR) downgraded to Sell from Neutral at Goldman Sachs with analyst James Schneider stating industry-level challenges in each of Sabre's business segments are likely to be headwinds to revenue growth over the next year. 3. Energizer (ENR) downgraded to Underweight from Neutral at JPMorgan with analyst Andrea Teixeira saying recent Nielsen data points to a "tough" sales outlook for the company. 4. Summit Midstream (SMLP) downgraded to Neutral from Buy at Citi with analyst Mirek Zak noting concerns around the prior distribution cut and weaker rig activity in growth basins have materialized. 5. Hudson Technologies (HDSN) downgraded to Hold from Buy at Craig-Hallum with analyst Steve Dyer saying he is increasingly concerned that the company could trip its recently amended debt covenants as early as this quarter given a cool start to the summer selling season and his industry checks. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

SASR

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ATUS

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CHD

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UNT

Unit Corp.

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WLL

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SEMG

SemGroup

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CI

Cigna

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GM

General Motors

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-1.07 (-2.76%)

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General Motors, UAW restart talks as workers strike, Reuters reports »

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USIO

Usio

$2.23

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JPM

JPMorgan

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MTNOY

MTN Group

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KR

Kroger

$25.93

-0.32 (-1.22%)

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MUR

Murphy Oil

, DO

Diamond Offshore

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MUR

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HAL

Halliburton

$21.87

1.605 (7.92%)

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ATRA

Atara Biotherapeutics

$14.61

-0.55 (-3.63%)

09:51
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Atara Biotherapeutics rating change  »

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  • 16

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WBS

Webster Financial

$48.58

-0.71 (-1.44%)

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VST

Vistra Energy

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EYE

National Vision

$30.20

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ZYNE

Zynerba

$11.91

-0.27 (-2.22%)

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VNE

Veoneer

$17.68

-0.355 (-1.97%)

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Veoneer management to meet with Buckingham »

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ABR

Arbor Realty

$12.88

0.04 (0.31%)

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Conference/Events
Arbor Realty management to meet with JPMorgan »

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LHX

L3Harris Technologies

$211.04

3.42 (1.65%)

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General news
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UPS

UPS

$122.66

(0.00%)

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ARWR

Arrowhead

$29.91

(0.00%)

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ALDR

Alder Biopharmaceuticals

$10.05

(0.00%)

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