Azul shares are trading higher after B of A Securities upgraded the stock from Underperform to Neutral and raised its price target from $6.9 to $11.
Portfolio Pulse from Benzinga Newsdesk
Bank of America Securities upgraded Azul's stock from Underperform to Neutral and raised its price target from $6.9 to $11, resulting in the shares trading higher.
May 22, 2023 | 3:45 pm
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POSITIVE IMPACT
Azul's stock upgraded by BofA Securities to Neutral, with a raised price target of $11, causing shares to trade higher.
The upgrade from Bank of America Securities is a positive signal for Azul's stock, as it indicates increased confidence in the company's performance. The raised price target from $6.9 to $11 also suggests a higher potential upside for the stock, which is likely to attract more investors and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100