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Air Canada (TSE:AC.B) was upgraded by equities research analysts at National Bank Financial to an “outperform” rating in a research note issued to investors on Friday. The firm currently has a C$12.00 price target on the stock, up from their previous price target of C$8.50.

Several other analysts have also recently commented on the stock. Analysts at Scotiabank reiterated a “sector outperform” rating on shares of Air Canada in a research note on Thursday. They now have a C$11.00 price target on the stock, up previously from C$9.00. Finally, 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. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of C$9.94.

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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