Seeking Alpha

High-flying Gogo catches second downgrade

  • High-flying Gogo (GOGO +1.5%) catches its second downgrade of the day (the first coming from UBS) as Evercore cuts its rating to Equal Weight from Overweight with a PT of $24.
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Comments (1)
  • silvy
    , contributor
    Comments (14) | Send Message
     
    GOGO will hit 31+ before the year is out. Higher revenues, additional contracts, and a serious lack of competition will all factor into higher prices. A 10-15% price drop would create some excellent buying opportunities if and when it occurs.
    17 Nov 2013, 01:02 AM Reply Like
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