Volaris price target lowered to $10 from $11 at TD Cowen

TD Cowen lowered the firm’s price target on Volaris to $10 from $11 and keeps a Buy rating on the shares. The firm updated estimates following the company’s June 2024 traffic results while noting the company’s results are benefiting from rationalization of domestic ASMs and growth in the US transborder market with RASM growth and ASM growth.