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Fly News Breaks for March 24, 2015
GOGO
Mar 24, 2015 | 09:41 EDT
Morgan Stanley lowered Gogo estimates further and reiterated its Underweight rating and $11 price target. The firm lowered 2015 EBITDA estimate to $20M from $32M, below consensus of $22M and 2016 to $50M from $81M, below consensus of $77M. The firm said 2015 guidance suggests more investment in international than expected and capacity constraints continue to pressure rates at CA North American.
News For GOGO From the Last 2 Days
GOGO
Apr 16, 2024 | 13:10 EDT
Morgan Stanley lowered the firm's price target on Gogo to $12 from $15 and keeps an Equal Weight rating on the shares. The delayed rollout of the company's 5G offering raises uncertainty around how quickly Gogo can ramp up customer migration to the upgraded service once launched, while long-term competitive pressure from LEO operators such as Starlink is likely to limit upside, the analyst tells investors.
