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Fly News Breaks for October 28, 2019
AZUL
Oct 28, 2019 | 08:20 EDT
As previously reported, Buckingham analyst Daniel McKenzie upgraded Azul to Buy from Neutral with a price target of $51, up from $39. The analyst expects Azul's multiple to expand as underlying fundamentals become more appreciated. Azul cut growth in Q4 by MSD which improves the competitive backdrop on the margin, and provides better visibility on network strategy and underlying revenue trends, McKenzie wrote in a note to investors. He also said the company has a credible program in place to drive margin expansion without any economic improvement.
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