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Fly News Breaks for April 19, 2018
GOL
Apr 19, 2018 | 08:49 EDT
Citi analyst Stephen Trent downgraded GOL Linhas to Sell from Neutral with an $11 price target. The shares closed yesterday at $13.47. The company's accounting standards could mean that its operational estimates are overstated relative to peers, Trent tells investors in a research note. He points out that GOL's average maintenance costs per plane is more than one standard deviation below the average of its peers.
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