Goldman Sachs Downgrades Gol Linhas Aereas Inteligentes (GOL) to Neutral
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Price: $2.72 --0%
Rating Summary:
2 Buy, 5 Hold, 8 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
2 Buy, 5 Hold, 8 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Goldman Sachs downgraded Gol Linhas Aereas Inteligentes (NYSE: GOL) from Buy to Neutral with a price target of $7.60, citing continued margin pressures.
The firm comments, "The recent sharp BRL depreciation leads to higher cost pressure, on top of still high oil prices. This offsets the potential yield rebound we were expecting in the coming months."
For more ratings news on Gol Linhas Aereas Inteligentes click here and for the rating history of Gol Linhas Aereas Inteligentes click here.
Shares of Gol Linhas Aereas Inteligentes closed at $6.46 yesterday.
The firm comments, "The recent sharp BRL depreciation leads to higher cost pressure, on top of still high oil prices. This offsets the potential yield rebound we were expecting in the coming months."
For more ratings news on Gol Linhas Aereas Inteligentes click here and for the rating history of Gol Linhas Aereas Inteligentes click here.
Shares of Gol Linhas Aereas Inteligentes closed at $6.46 yesterday.
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