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Fly News Breaks for March 20, 2017
Mar 20, 2017 | 07:37 EDT
After hosting meetings with management, JPMorgan analyst Philip Cusick continues to like shares of Gogo. The analyst left the meetings more confident in the company's 2Ku ramp cycle and better balance sheet. Gogo, as the largest global provider in the "rapidly growing" in-flight broadband segment, is an "increasingly credible partner" for new airlines, Cusick tells investors in a research note. The analyst has an Overweight rating on Gogo with a $13 price target.
News For GOGO From the Last 2 Days
Oct 18, 2017 | 09:31 EDT
Northland analyst Paul Penney believes Gogo's (GOGO) IFC involvement with Aeromexico will be materially minimized with the addition of a new IFC provider. Through his channel checks and industry sources, the analyst believes ViaSat (VSAT) will soon be announced as a new IFC provider for 80 Boeing (BA) 737-MAX Aeromexico aircraft. With the addition of ViaSat, Aeromexico will then have 3 IFC providers, namely Panasonic (PCRFY) and Gogo, he adds. Penney reiterates an Underperform rating and $6.75 price target on Gogo's shares.
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