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Fly News Breaks for November 23, 2018
CPA, AVH
Nov 23, 2018 | 09:04 EDT
JPMorgan analyst Fernando Abdalla downgraded Avianca (AVH) to Neutral and lowered his price target for the shares to $6.50 from $8. The analyst sees risk for the company given its exposure to competition from low-cost carriers. He prefers shares of Copa Holdings (CPA). Abdalla views Copa's valuation discount to peers as unwarranted. He keeps an Overweight rating on the shares with a $100 price target.
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