BMO Capital Markets lowered its price target on Air Canada (AC.TO) to $29 from $31.
Analyst Fadi Chamoun maintained an Outperform rating on shares of the Canadian airline.
"Macro risk has increased significantly in recent months amid trade policy uncertainty, but in our view, the sentiment has become far too bearish on Air Canada relative to both near-term and long-term fundamentals," Chamoun said in a note to clients.
(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)
Price: 13.98, Change: -0.36, Percent Change: -2.51
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.