Raymond James Maintains Outperform on Air Canada, Lowers Price Target to C$28
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Savanthi Syth has maintained an Outperform rating on Air Canada, but lowered the price target from C$31 to C$28.
October 17, 2023 | 12:20 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Air Canada's price target has been lowered from C$31 to C$28 by Raymond James, though the Outperform rating is maintained.
The lowering of the price target by Raymond James could potentially lead to a negative sentiment among investors, which may result in a short-term decrease in Air Canada's stock price. However, the maintained Outperform rating indicates that the stock is still expected to outperform the market or its sector.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100