Volaris downgraded to Equal Weight from Overweight at Barclays

Barclays analyst Pablo Monsivais downgraded Volaris (VLRS) to Equal Weight from Overweight with a price target of $4.50, down from $12. The firm says a weaker Mexico trans-border visual flight rules market is driving its cautious stance on the shares. U.S. immigration policy is impacting travel demand, and the company is facing “navigating in uncharted waters,” the analyst tells investors in a research note. Barclays believes that if the weakness persists, Volaris’ results “may be on the softer side this year.”