Gol Linhas just downgraded at Deutsche Bank, here’s why

Deutsche Bank downgraded Gol Linhas to Sell from Hold with an unchanged price target of $3. The rating change is driven by Gol’s plan to restructure its balance sheet, the second time within the last 12 months that the company has pursued such an initiative, the analyst tells investors in a research note. The firm thinks the company is facing increased pressure to meet its relatively high interest and aircraft lease expenses.