Analyst Thomas Fitzgerald CFA from TD Cowen maintained a Buy rating on Copa Holdings (CPA – Research Report) and keeping the price target at $140.00.
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Thomas Fitzgerald CFA has given his Buy rating due to a combination of factors including Copa Holdings’ operational performance and financial outlook. The company is expected to report a slightly lower EPS than consensus for the first quarter of 2025, but its capacity exceeded expectations, suggesting potential for future growth. Fitzgerald notes that Copa’s management is likely to maintain their guidance for capacity growth while adjusting fuel and revenue assumptions, which could positively impact operating margins.
Additionally, Copa’s ability to manage non-fuel costs effectively and its strategic fleet expansion plans are seen as positive indicators. Despite recent declines in passenger yields, the airline’s performance in specific markets and its focus on direct sales have provided a tailwind. These factors, combined with the potential for upside in earnings estimates, underpin Fitzgerald’s confidence in maintaining a Buy rating with a price target of $140.