Air Transport's Decision To Control Capex Amid Uncertain Macro Backdrop Looks Prudent: Analyst
Portfolio Pulse from Nabaparna Bhattacharya
Susquehanna analyst Christopher N. Stathoulopoulos has reiterated a positive rating on Air Transport Services Group, Inc (ATSG), raising the price target to $26 from $18. The analyst views ATSG's decision to control capex amid an uncertain macroeconomic backdrop as prudent. ATSG's Q2 earnings beat estimates, and the FY23 adjusted EBITDA estimate has been slightly raised to $613 million. However, ATSG shares are trading lower by 1.19% to $22.43.
August 09, 2023 | 6:33 pm
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ATSG's decision to control capex amid an uncertain macroeconomic backdrop is seen as prudent by Susquehanna analyst, who has reiterated a positive rating and raised the price target to $26. Despite Q2 earnings beat, ATSG shares are trading lower.
The analyst's positive rating and increased price target indicate a positive outlook for ATSG. However, the company's shares are currently trading lower, which may be due to broader market conditions or other factors not mentioned in the article. The decision to control capex is seen as a strategic move in the face of macroeconomic uncertainty, which could potentially stabilize the company's financial position in the long run.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100