Volaris price target raised to $12 from $9 at Barclays

Barclays analyst Pablo Monsivais raised the firm’s price target on Volaris to $12 from $9 and keeps an Overweight rating on the shares. The analyst incorporated the company’s better than expected Q1 results, and increased the price target on the back of stronger EBITDAR generation. A favorable yield environment and strong ancillary revenues are supporting top results for Volaris, the analyst tells investors in a research note.