Barclays analyst Pablo Monsivais upgraded Volaris (VLRS) to Overweight from Equal Weight with a price target of $11, up from $9, after the company and Grupo Viva Aerobus agreed to merge. If approved, the deal would be a positive step for Volaris towards a more “disciplined and stable” market, the analyst tells investors in a research note. Barclays sees the shares re-rating on the deal announcement.
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