HSBC Downgrades Azul to Hold, Announces $2.7 Price Target
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Cenk Orcan has downgraded Azul (NYSE:AZUL) from Buy to Hold, setting a price target of $2.7.
September 05, 2024 | 9:47 am
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HSBC has downgraded Azul from Buy to Hold, with a new price target of $2.7. This suggests a more cautious outlook on the stock.
The downgrade from Buy to Hold by HSBC indicates a less optimistic view on Azul's stock performance. The price target of $2.7 suggests limited upside potential, which could lead to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100