Morgan Stanley Sees Multiple Catalysts Ahead For Gogo
In a report published Friday, Morgan Stanley analyst Simon Flannery reiterated an Underweight rating on Gogo (NASDAQ: GOGO).
In the report, Morgan Stanley noted, “It has been a busy few months for Gogo – the company introduced 2Ku (a global version of Ground to Orbit), announced plans (subject to final agreement) to roll out ATG and ATG-4 on Air Canada's entire North American fleet, and has received some STCs from the FAA to install satellite technology (currently, ~48 of Delta Air Lines' international fleet and ~22 of Japan Air Line's domestic fleet).”
Gogo closed on Thursday at $12.23.
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