Azul price target lowered to $4.50 from $10 at Barclays

Barclays lowered the firm’s price target on Azul to $4.50 from $10 and keeps an Equal Weight rating on the shares. While the demand environment is resilient and the competitive environment remains disciplined, a weaker currency adds significant pressure to Azul’s balance sheet and cash flows, the analyst tells investors in a research note.