Deutsche Bank Upgrades Gol Linhas Areas Inteligentes (GOL) to Buy
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Deutsche Bank upgrades Gol Linhas Areas Inteligentes (NYSE: GOL) from Hold to Buy and lowers its price target from $28.25 to $24.
The firm said shares of GOL represent a "unique buying opportunity" as its stock price has fallen about 50% in the last year. Deutsche believes challenges for the Brazilian airlines are almost over, and expects a strong earnings recovery heading into 2009.
Gol Linhas Areas Inteligentes S.A. operates as an airline company in South America and Brazil. [BCS]
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