Volaris price target raised to $8 from $7 at TD Cowen

TD Cowen analyst Tom Fitzgerald raised the firm’s price target on Volaris (VLRS) to $8 from $7 and keeps a Buy rating on the shares. The firm previewed its Q3 results and said they are cautiously optimistic on the set-up as checks indicate demand remains stable, supply in Mexico’s domestic market looks rational, and FX favorable.