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Fly News Breaks for February 24, 2020
Feb 24, 2020 | 08:58 EDT
Buckingham analyst Daniel McKenzie lowered his price target for Gol Linhas to $21 from $24, telling investors in a research note that Gol is a "great house in a rough neighborhood" battered by poor macro. The analyst says that shares have pulled back 15% since the Covid-19 outbreak, though he likes the stock on the other side of the fear and made no change to his Buy rating. McKenzie says there is no change to his thesis that Gol Linhas remains a multiyear EPS growth and free cash flow story on revenue and cost execution.
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