HSBC Downgrades Volaris (VLRS) to Reduce (Earlier)

September 28, 2018 10:18 AM EDT
Get Alerts VLRS Hot Sheet
Price: $21.36 --0%

Rating Summary:
    8 Buy, 2 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 12 | Down: 20 | New: 8
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HSBC analyst Alexandre Falcao downgraded Volaris (NYSE: VLRS) from Hold to Reduce.

The analyst says the in light of the recent appreciation in oil prices, VLRS' path toward positive EBIT in FY 2019 would require more than the constructive 3-4% growth in yields assumed in HSBC's model which is unrealistic given the current competitive scenario according to a morning research note.

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 $8.27 yesterday.

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