Raymond James downgraded Azul (AZUL) to Market Perform from Outperform without a price target Bloomberg reported last night that Azul and its creditors are weighing options including Chapter 11 bankruptcy filing, the analyst tells investors in a research note. The firm does not believe a bankruptcy filing is likely, “but cannot rule it out.” It now thinks further dilution is “inevitable” and does not believe the shares can reflect Azul’s underlying fundamentals until the $200M optional equity raise is completed and the level of dilution is clear.
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Read More on AZUL:
- Azul S.A. Reports Strong Revenue Growth Amid Challenges
- Azul S.A. Achieves Record Revenue in Q1 2025 Amid Strong Demand
- Largest borrow rate increases among liquid names
- Azul price target lowered to $4 from $5 at Raymond James
- Azul S.A. Maintains Spot in B3 Corporate Sustainability Index for Fourth Year
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