Gogo leaps ahead of S&P SmallCap index inclusion

Gogo

06/04/2022 11:29

** Gogo Inc  GOGO.O  shares jump 10.8% to $21.26 premarket
as co set to join S&P SmallCap 600 index  .SPCY  this week
    ** In-flight broadband provider to replace SPX Flow  FLOW.N 
in SPCY prior to market open on Fri  urn:newsml:reuters.com:*:nPnc6QcBta
    ** Industrial equipment maker FLOW was acquired by PE firm
Lone Star in $3.8 bln deal announced in Dec
    ** GOGO's shares have surged ~40% since co on Mar 3 posted
Q4 beat, forecasted FY22 rev above consensus  urn:newsml:reuters.com:*:nL3N2V6136
    ** Co has $2.1 bln market cap, per Refinitiv data
    ** 4 of 8 analysts rate GOGO "buy" or higher, 3 are neutral
and 1 recommends selling the stock; median PT $21 - Refinitiv

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-332-219-1430))