Volaris (VLRS) PT Raised to $10 at Cowen

Cowen analyst Helane Becker raised the price target on Volaris (NYSE: VLRS) to $10.00 (from $8.00) while maintaining a Outperform rating.

Becker commented, "This year’s outlook for Volaris is upbeat given a more rational competitive environment, a focus on ancillary production and declining non-fuel unit costs. Volaris saw a +10 pt improvement in sequential unit revenue trends in 4Q18 from 3Q18. We expect continued strength in unit revenue in 1H19 led by strength in demand and ancillaries. Volaris will remain focused on reducing cost."

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