Scotiabank Reiterates Sector Outperform on Air Canada, Maintains C$34 Price Target
Portfolio Pulse from richadhand@benzinga.com
Scotiabank analyst Konark Gupta has reiterated a 'Sector Outperform' rating on Air Canada, maintaining a price target of C$34.
September 08, 2023 | 1:29 pm
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Scotiabank's reiteration of a 'Sector Outperform' rating and a C$34 price target for Air Canada could boost investor confidence.
Analyst ratings and price targets can significantly influence investor sentiment. A 'Sector Outperform' rating suggests that the analyst expects the stock to outperform its sector in the near term. Maintaining a price target of C$34 indicates that the analyst believes the stock has potential for growth. This could lead to increased investor confidence and potentially a rise in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100