In a report released today, Thomas Fitzgerald CFA from TD Cowen maintained a Buy rating on Copa Holdings, with a price target of $141.00.
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Thomas Fitzgerald CFA has given his Buy rating due to a combination of factors including Copa Holdings’ strong financial performance and strategic growth plans. The company reported a third-quarter EPS of $4.20, surpassing both the firm’s and consensus estimates, indicating robust earnings performance. Although passenger revenue was slightly below expectations, the renewal of the ConnectMiles co-branded credit card agreement significantly boosted loyalty revenue, contributing to overall growth.
Moreover, Copa Holdings’ cost management was effective, with CASMex coming in below estimates due to benefits from engine exchange transactions. The company has outlined a promising growth trajectory for 2026, with ASM growth projected between 11% and 13%, supported by strategic market expansions and frequency additions. Management’s commitment to profitable growth and flexibility to adjust capacity if needed further supports the positive outlook, justifying the Buy rating.
In another report released today, Evercore ISI also maintained a Buy rating on the stock with a $160.00 price target.