TD Cowen analyst Thomas Fitzgerald CFA has maintained their bullish stance on ACDVF stock, giving a Buy rating on October 10.
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Thomas Fitzgerald CFA has given his Buy rating due to a combination of factors that suggest a positive long-term outlook for Air Canada. Despite some caution regarding the near-term outlook, particularly due to recent industrial actions and challenging comparisons in the latter half of 2025, there are encouraging signs for the future. The analyst has adjusted estimates to account for various factors, including expected earnings and fuel pricing, while maintaining a price target of C$22, which is based on projected 2026 financial metrics.
Additionally, consumer behavior, as indicated by credit card spending, shows a continued preference for travel, which bodes well for Air Canada’s revenue potential. Although there are mixed signals from international travel data, with some declines noted, the overall demand environment remains a focal point for future growth. The upcoming conference call is expected to shed light on labor negotiations and demand forecasts, which are crucial for assessing the company’s trajectory into 2026.
Fitzgerald CFA covers the Industrials sector, focusing on stocks such as Air Canada, Alaska Air, and Delta Air Lines. According to TipRanks, Fitzgerald CFA has an average return of 10.4% and a 63.89% success rate on recommended stocks.
In another report released on October 10, Stifel Nicolaus also maintained a Buy rating on the stock with a C$24.00 price target.