Barclays analyst Pablo Monsivais lowered the firm’s price target on Volaris (VLRS) to $10 from $12 and keeps an Overweight rating on the shares. The firm updated price targets across Latin America transportation, with larger revisions in airlines and a more cautious view amid “elevated volatility.” Limited visibility on jet fuel prices drives a conservative stance, the analyst tells investors in a research note.
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Read More on VLRS:
- Volaris downgraded to Neutral from Outperform at Grupo Santander
- Volaris price target lowered to $9.30 from $11.50 at BofA
- Volaris price target lowered to $10.50 from $11 at JPMorgan
- Volaris price target lowered to $11 from $12 at Evercore ISI
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