Deutsche Bank Upgrades Gol Linhas Aereas Inteligentes (GOL) to Buy; Improved Fundamentals

Deutsche Bank upgraded Gol Linhas Aereas Inteligentes (NYSE: GOL) fromHold to Buy with a price target raised from $8 to $11.00.

Deutsche analyst says, "We are raising our rating on GOL from Hold to Buy as our confidence has grown with respect to the company’s ability to successfully execute its turnaround plan. Furthermore, a more rational capacity growth outlook for the Brazilian domestic market should result in more stable pricing. Lastly, we think GOL will become more critical to the Latam aspirations of the global alliances once LAN-TAM reveal their alliance strategy March/April 2012."

For an analyst ratings summary and ratings history on Gol Linhas Aereas Inteligentes click here. For more ratings news on Gol Linhas Aereas Inteligentes click here.

Shares of Gol Linhas Aereas Inteligentes closed at $7.58 yesterday.

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