Seaport Global analyst Daniel Mckenzie has reiterated their neutral stance on AZUL stock, giving a Hold rating yesterday.
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Daniel Mckenzie has given his Hold rating due to a combination of factors influencing Azul SA’s stock performance. Initially, there was optimism surrounding a potential merger with GOL, which led to an upgrade and a price target of $5. However, since that time, the stock has declined by 11.6%, prompting a reassessment of the situation.
Mckenzie acknowledges that the current data does not support the previously optimistic outlook for 2025, leading to a more cautious stance. While there is still a positive long-term view, the immediate circumstances have necessitated a downgrade to a Neutral rating, and the price target has been withdrawn to reflect the current uncertainties.
In another report released yesterday, Barclays also maintained a Hold rating on the stock with a $4.50 price target.