Gogo price target lowered to $22 from $26 at TD Cowen

TD Cowen analyst Lance Vitanza lowered the firm’s price target on Gogo to $22 from $26 and keeps an Outperform rating on the shares. The firm said it remains a top pick despite shares falling precipitously as solid 2Q results were overshadowed by a meaningful reduction in FY23 guidance and long-term financial targets.