BofA Downgrades Azul To Underperform From Neutral


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


  • BofA analyst Murilo Freiberger downgraded Azul SA (NYSE:AZUL) to Underperform from Neutral and changed the price target to $20.80 (implying an upside of 1.27%), up from $15.
  • Freiberger states that Brazilian airlines have done an "impressive" job adjusting operations, negotiating liabilities, and sustaining liquidity during the COVID crisis, but there is limited upside from current valuation levels.
  • Freiberger adds that the "COVID bill" can impact cash flows, and the company's existent liabilities could also be underestimated.
  • Recently, Credit Suisse initiated coverage on the company with Outperform rating.
  • Price Action: AZUL shares are trading higher by 2.47% at $20.52 on the last check Monday.

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


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Posted In: Analyst ColorNewsDowngradesPrice TargetAnalyst RatingsairlinesBriefs