Jefferies lowered the firm’s price target on Air Canada (ACDVF) to C$19 from C$21 and keeps a Hold rating on the shares. Industry-wide revenue acceleration best suits the premium, brand loyal airlines that can sell and fly economy seats at high incremental margins, the analyst tells investors in a Q3 preview note for the group. The analyst has Buy ratings on Delta (DAL) and United (UAL), viewing the pair as carrying the highest upside to Q4 guidance and “most compelling margin theses” through 2026, the firm noted.
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