Barclays Sees Sharp Upside In This Airline Company

October 25, 2021 10:19 AM | 1 min read | Make a Comment

Barclays analyst Pablo Monsivais initiated Gol Linhas Aereas Inteligentes SA GOL with an Overweight rating and a price target of $8, implying an upside of 26%.
Monsivais says the airliner relies on its cost leadership, which creates a "strong business moat amid the current uncertain environment."
As Gol accelerates its fleet transformation plan, replacing Boeing 737 NG with MAXs, unit costs should decrease even further, says the analyst.
Also read: GOL Expects Q4 Capacity To Improve By 30% Sequentially.
Price Action: GOL shares are trading higher by 4.08% at $6.37 on the last check Monday.