- JPMorgan's Philip Cusick has upgraded Gogo (GOGO +3.1%) to Overweight, and set a $28 PT.
- Cusick calls the in-flight Wi-Fi provider's recent selloff "macro or sentiment-driven," believes its business aviation ops are worth $11/share alone, and sees plenty of U.S. and international opportunities as Gogo "accelerates the pace of RFPs."
- The upgrade follows deals with Boeing and Air Canada, and the unveiling of Gogo's high-capacity 2Ku satellite connectivity platform.