Goldman Sachs Downgrades Azul to Neutral, Lowers Price Target to $4
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs has downgraded Azul (NYSE:AZUL) from Buy to Neutral and reduced its price target from $6.7 to $4, indicating a less optimistic outlook for the airline.
September 23, 2024 | 4:57 pm
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Goldman Sachs analyst Bruno Amorim has downgraded Azul from Buy to Neutral and lowered the price target from $6.7 to $4, reflecting a more cautious stance on the airline's future performance.
The downgrade from Buy to Neutral by a major financial institution like Goldman Sachs, along with a significant reduction in the price target, suggests a less favorable view of Azul's near-term prospects. This is likely to negatively impact the stock price as investors adjust their expectations.
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