Bradesco BBI Downgrades Volaris (VLRS) to Neutral

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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