Citigroup Downgrades Gol Linhas Aereas to Sell, Lowers Price Target to $3
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Stephen Trent has downgraded Gol Linhas Aereas (NYSE:GOL) from Neutral to Sell and reduced the price target from $3.3 to $3.
November 29, 2023 | 10:15 am
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NEGATIVE IMPACT
Citigroup downgraded Gol Linhas Aereas from Neutral to Sell and lowered the price target from $3.3 to $3, indicating a bearish outlook.
The downgrade by Citigroup reflects a negative sentiment towards Gol Linhas Aereas, suggesting that the analyst sees potential downside in the stock's price. This could lead to a decrease in investor confidence and a potential drop in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100