UPDATE: Goldman Sachs Downgrades Azul SA (AZUL) to Neutral
Get Alerts AZUL Hot Sheet
Price: $5.80 -4.13%
Rating Summary:
7 Buy, 3 Hold, 1 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 5 | Down: 3 | New: 5
Rating Summary:
7 Buy, 3 Hold, 1 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 5 | Down: 3 | New: 5
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(Updated - April 11, 2021 10:24 PM EDT)
Goldman Sachs analyst Bruno Amorim downgraded Azul SA (NYSE: AZUL) from Buy to Neutral with a price target of $22.20 (from $21.60).
The analyst comments "Downgrading Azul to Neutral from Buy as, on our revised estimates, the shares are already pricing in a steep recovery of demand in the upcoming years. We forecast the company should already surpass 2019 EBITDA levels by 8%/45% in 2022/23E."
For an analyst ratings summary and ratings history on Azul SA click here. For more ratings news on Azul SA click here.
Shares of Azul SA closed at $21.64 yesterday.
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