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Fly News Breaks for May 22, 2018
VLRS
May 22, 2018 | 05:19 EDT
Imperial Capital analyst Michael Derchin lowered his price target for Volaris to $5 after Treasury Secretary Steve Mnuchin said NAFTA negotiations could slip into 2019. There is little visibility into Volaris' earnings through fiscal 2019 due to geopolitical uncertainty and weakness in the domestic market, Derchin tells investors in a research note. He keeps an In-Line rating on the shares.
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