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Morgan Stanley Sees Stronger-Than-Expected August Traffic For Gol Linhas Aereas Inteligentes SA (ADR)

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In a report published Tuesday, Morgan Stanley analyst Eduardo S. Couto reiterated an Overweight rating and $8.20 price target on Gol Linhas Aereas Inteligentes SA (ADR) (NYSE: GOL).

In the report, Morgan Stanley noted, “GOL reported stronger than expected August traffic, and Jul + Aug combined RPK was up 11% y-y, meaningfully above our 3% growth forecast for 3Q14e. At this point, GOL trades at attractive multiples and we see upside potential to our 3Q numbers; reiterate GOL's Overweight.”

Gol Linhas Aereas Inteligentes SA closed on Monday at $5.83.

Latest Ratings for GOL

DateFirmActionFromTo
Dec 2020Raymond JamesDowngradesOutperformMarket Perform
Oct 2020Seaport GlobalUpgradesNeutralBuy
Oct 2020Goldman SachsUpgradesNeutralBuy

View More Analyst Ratings for GOL
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