AZUL - Azul hits price target cut at Goldman Sachs as stock crashes to new 12-month low
- Goldman Sachs lowered its price target on Azul ( NYSE: AZUL ) from $15.40 to $9.90 in a research note issued on Tuesday.
- The Brazilian airline gets a Neutral Rating at the investment firm while the stock price struggles through the new 52-week low of $6.38 at the daily volume of 3.75M on Tuesday. That is well above the average 3-month volume of 2.56M.
- On June 29, 2022, Seeking Alpha Quant Rating System already issued the warning stating AZUL is at the high risk of performing badly due to decelerating momentum and inferior profitability when compared to other industrials stocks.
- While Wall Street analysts and SA Authors maintain a Hold rating to AZUL, SA Quant System gives a Sell .
- Stock is down 7% in mid-day trading session on Tuesday and has lost 73% in past-1 year.
- Also Read: Recession fears sweep over travel and leisure stocks
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Azul hits price target cut at Goldman Sachs as stock crashes to new 12-month low