Raymond James Maintains Outperform on Azul, Lowers Price Target to $13
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Savanthi Syth has maintained an Outperform rating on Azul (NYSE:AZUL), but lowered the price target from $15 to $13.
October 26, 2023 | 1:32 pm
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Azul's price target has been lowered from $15 to $13 by Raymond James, although the Outperform rating is maintained.
The lowering of the price target by Raymond James could lead to a negative sentiment among investors, potentially causing a short-term decrease in Azul's stock price. However, the maintained Outperform rating indicates that the stock is still expected to outperform the market or its sector in the future.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100