Analyst Thomas Fitzgerald CFA of TD Cowen reiterated a Buy rating on Air Canada, reducing the price target to C$21.00.
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Thomas Fitzgerald CFA has given his Buy rating due to a combination of factors that, in his view, still support upside in Air Canada’s shares despite a lower target price. He expects capacity growth to remain relatively constrained versus prior plans, while cost per seat metrics should stay within guided ranges, helping preserve margin potential.
He also notes that fuel hedging is softening near‑term losses and that demand has held up well even amid operational disruptions and geopolitical tensions. In addition, fare increases and incremental traffic from rerouted international flows are supporting revenue, and investor skepticism about fuel cost recovery may already be reflected in the stock, creating an attractive risk‑reward profile.
Fitzgerald CFA covers the Industrials sector, focusing on stocks such as American Airlines, Alaska Air, and JetBlue Airways. According to TipRanks, Fitzgerald CFA has an average return of 14.6% and a 67.33% success rate on recommended stocks.
In another report released on April 13, RBC Capital also maintained a Buy rating on the stock with a C$22.00 price target.