RBC Capital Maintains Sector Perform on Air Canada, Lowers Price Target to C$17
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Walter Spracklin has maintained a 'Sector Perform' rating on Air Canada (TSX:AC) but lowered the price target from C$21 to C$17.
October 31, 2023 | 1:53 pm
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Air Canada's price target has been lowered from C$21 to C$17 by RBC Capital, though the 'Sector Perform' rating is maintained.
The lowering of the price target by RBC Capital indicates a less optimistic outlook for Air Canada's stock in the short term. This could potentially lead to a decrease in the stock's price as investors adjust their expectations.
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