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Fly News Breaks for July 24, 2018
GOGO
Jul 24, 2018 | 09:28 EDT
As previously reported, Raymond James downgraded Gogo to Market Perform from Outperform. Analyst Ric Prentiss expects several more quarters of "turbulence" given potential dilution/rollover risks from 2020 bond convertible bond maturities, churn pressures, continued negative free cash flow, and the airline industry shift to directed pricing.
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