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JPMorgan On LatAm Airlines: Gol Linhas Shares Upgraded

2016-03-28 20:03:11| Airlines - Topix.net

Gol Linhas Aereas Inteligentes SA surged as much as 14 percent after JPMorgan upgraded the airline to Neutral from Underweight as the company's recent liquidity-enhancing announcements and stronger BRL "should allow for a material reduction in risk perception." "We upgrade to N in light of the still-weak macro/demand environment in Brazil and GOL's elevated leverage," analyst Fernando Abdalla wrote in a client note.

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