Gol Linhas price target raised to $2.50 from $2.10 at BofA

BofA raised the firm’s price target on Gol Linhas to $2.50 from $2.10 and keeps an Underperform rating on the shares. The firm included Q3 numbers, fine-tuned capacity assumptions, and marked-to-market a lower jet fuel price and BRL appreciation in its updated model, the analyst tells investors.