Bradesco BBI Downgrades Volaris (VLRS) to Neutral

September 17, 2019 7:12 AM EDT
Get Alerts VLRS Hot Sheet
Price: $18.68 +0.59%

Rating Summary:
    8 Buy, 3 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 10 | Down: 8 | New: 36
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Bradesco BBI analyst Victor Mizusaki downgraded Volaris (NYSE: VLRS) from Outperform to Neutral with a price target of $11.00.

The analyst comments "Downgrading to Neutral as Volaris’ has a fair risk/reward balance due to: 1) Mexico’s overcapacity, 2) fragile airfare prices in the region, 3) the recent spike in oil prices and 4) MXN volatility"

For an analyst ratings summary and ratings history on Volaris click here. For more ratings news on Volaris click here.

Shares of Volaris closed at $10.05 yesterday.

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