Deutsche Bank analyst Michael Linenberg downgraded Gol Linhas to Hold from Buy and keeps a $5 price target on the shares following the stock’s strong year-to-date performance. The firm cites uncertainty around the outcome of Gol Linhas’s restructuring plan and the fact that the stock has been a significant outperformer YTD for the downgrade, the analyst tells investors in a research note.
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Published first on TheFly
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