Azul price target lowered to $12 from $14 at Barclays

Barclays analyst Pablo Monsivais lowered the firm’s price target on Azul to $12 from $14 and keeps an Equal Weight rating on the shares. A solid demand backdrop coupled with resilient yields results in strong earnings momentum for Azul, the analyst tells investors in a research note. However, the firm thinks market risk aversion is still high and a re-rating of the stock is unlikely in the short term.