Seaport Research analyst Daniel McKenzie downgraded Azul to Neutral (AZUL) from Buy with no price target A potential merger with Gol Linhas (GOL) prompted the firm to upgrade Azul in January given “compelling deal economics,” though shares have fallen 11.6% since then and the firm is “conceding the stock has moved against us.” At this point, the data cut against the firm’s 2025 outlook, though it remains constructive further out, the analyst tells investors.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AZUL:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue