Air Canada’s “Sector Outperform” Rating Reaffirmed at Scotiabank (AC.B)
Air Canada (TSE:AC.B)‘s stock had its “sector outperform” rating reaffirmed by analysts at Scotiabank in a research report issued to clients and investors on Thursday. They currently have a C$11.00 target price on the stock, up from their previous target price of C$9.00.
Several other analysts have also recently commented on the stock. Analysts at TD Securities reiterated a “buy” rating on shares of Air Canada in a research note on Friday, May 16th. They now have a C$10.00 price target on the stock, up previously from C$9.00. Separately, analysts at Canaccord Genuity raised their price target on shares of Air Canada to C$11.50 in a research note on Friday, May 16th. Finally, analysts at Raymond James raised their price target on shares of Air Canada from C$6.00 to C$6.50 in a research note on Friday, May 16th. They now have an “underperform” rating on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of C$9.69.
Air Canada is a domestic, the United States trans-border and international airline and provider of scheduled passenger services in the Canadian market, the Canada-United States trans-border market and in the international market to and from Canada.
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