TD Cowen lowered the firm’s price target on Air Canada (ACDVF) to C$23 from C$26 and keeps a Buy rating on the shares. The firm cut estimates for the big 6 U.S. airlines and Air Canada as it marked fuel estimates to market. TD assumes the airlines will be able to recapture a portion of the spike in fuel prices, but says it is hard to envision margin expansion this year “barring a rapid decline” in energy prices.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ACDVF: