Azul price target lowered to $14 from $16 at Seaport Research

Seaport Research lowered the firm’s price target on Azul to $14 from $16 and keeps a Buy rating on the shares. Following the release of the company’s Q4 results, Seaport Research has concluded that Azul will eventually grow into its capital structure, but it is likely to occur over a longer period of time than what the firm previously modeled, the analyst tells investors.