Volaris Leads IPC Gains; HSBC Upgrades to ‘Hold’ on Valuation
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
VOLARA MM (Controladora Vuela Cia de Aviacion SAB de CV)
People
Ravi Jain (HSBC Holdings PLC)
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UUID: 7947283
(Bloomberg) -- Shares of Controladora Vuela Cia. de Aviacion rose 3.5% to 27.53 pesos, the highest price on an intraday basis since Feb. 20; Mexico’s benchmark IPC index is up 0.3%
- Earlier: Volaris Raised to ‘Hold’ at HSBC from ‘Reduce’ With Same Price Target
- HSBC “less concerned” on Volaris valuation given steep decline in company’s shares, analysts led by Ravi Jain write in note
- NOTE: Volaris shares down 20% from six months ago, according to data compiled by Bloomberg
- Co. still faces challenges including weak consumer confidence, higher oil prices and peso volatility, HSBC says
- “We await better visibility into consumer sentiment and Mexican macro and prefer to stay on the sidelines for now,” Jain writes.
- Earlier: Volaris March Passenger Traffic Grows 8% Y/y, Link
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
VOLARA MM (Controladora Vuela Cia de Aviacion SAB de CV)
People
Ravi Jain (HSBC Holdings PLC)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283