Air Canada (TSE:AC – Free Report) had its target price lowered by JPMorgan Chase & Co. from C$41.00 to C$36.00 in a report issued on Thursday morning, BayStreet.CA reports.
Several other equities research analysts have also recently issued reports on AC. CIBC lowered their price objective on shares of Air Canada from C$28.00 to C$25.00 and set an outperform rating for the company in a research report on Tuesday, July 23rd. National Bankshares lowered their price target on Air Canada from C$28.00 to C$24.00 and set an outperform rating for the company in a report on Monday, July 22nd. Raymond James reduced their price objective on Air Canada from C$28.00 to C$22.00 and set an outperform rating on the stock in a report on Tuesday, July 23rd. Royal Bank of Canada lowered their target price on Air Canada from C$18.00 to C$17.00 and set a sector perform rating for the company in a report on Tuesday, July 23rd. Finally, Cormark cut their price target on Air Canada from C$25.50 to C$21.25 in a research note on Tuesday, July 23rd. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of C$24.59.
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Air Canada Stock Up 1.8 %
Air Canada Company Profile
Air Canada provides domestic, U.S. transborder, and international airline services. The company provides scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand names in the Canadian market, the Canada-U.S. transborder market, and in the international market to and from Canada, as well as through capacity purchase agreements on other regional carriers.
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