Barclays has reaffirmed its 'Overweight' recommendation and 80 euro price target on Amadeus, believing that the low share price offers an attractive entry point into the Spanish air travel booking platform.

'Amadeus shares have been weaker since the release of its results due to concerns over the impact of direct connections and the expansion of M&A outside the core business', notes the broker.

However, Barclays considers these concerns to be exaggerated, and sees only around 2% more bookings at risk from direct connections. We consider Amadeus to remain one of the most attractive opportunities in the sector', it concludes.

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