Goldman Sachs analyst Bruno Amorim downgraded Copa Holdings (CPA) to Neutral from Buy with a price target of $151, up from $150. The firm sees a balanced risk/reward at current share levels. Goldman acknowledges Copa ‘s “strong” operational momentum, but sees little room for further meaningful improvement from here. As such, the stock has limited scope for an additional re-rating in the current competitive and macro environment, the analyst tells investors in a research note.
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