Gogo upgraded to Buy from Neutral at UBS UBS upgraded Gogo to Buy citing the recent pullback in shares and the company's strong Q1 results. The firm lowered its price target for the stock to $23 from $26.
Gogo CAO Thomas McShane to resign In a regulatory filing, Gogo reports that on March 20, Thomas McShane notified the company and its board that he plans to resign from his current positions as VP, controller and Chief Accounting Officer for personal reasons. McShane will remain to assist with the search for his successor and to allow for a transition of his responsibilities. The company has initiated a search to identify a CAO. McShane’s resignation effective date will depend on the date a successor is identified and the transition period required once a successor is fully engaged.