Citigroup Maintains Buy on Air Canada, Lowers Price Target to C$28
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Stephen Trent has maintained a 'Buy' rating on Air Canada, but has lowered the price target from C$31 to C$28.
October 23, 2023 | 3:45 pm
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Citigroup has maintained a 'Buy' rating on Air Canada but lowered the price target from C$31 to C$28.
The news is directly related to Air Canada and is important for investors as it provides an updated price target from a major financial institution. The 'Buy' rating suggests that Citigroup believes the stock will perform well, but the lowered price target may indicate a slower growth rate than previously expected.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100