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ubs maintains buy rating for global business travel group shares at eleven dollars

UBS analyst Stephen Ju has reaffirmed a Buy rating for Global Business Travel Group Inc. (GBTG) with a price target of $11, noting the stock's current undervaluation at $8.22. Despite a slowdown in new business wins, Ju emphasizes the company's focus on margin expansion and cash flow growth, projecting an 11-17% increase in adjusted EBITDA and a 27% rise in normalized free cash flow by 2025. GBTG plans to cut $95 million in expenses while reinvesting $65 million to enhance customer experience and efficiency through AI.
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