RBC Capital analyst James McGarragle raised the firm’s price target on Air Canada (ACDVF) to C$27 from C$25 and keeps an Outperform rating on the shares as part of a broader research note previewing Q2 results in Airlines and Aerospace industry. The firm is updating its valuation multiples and target prices across the group reflecting lower tariff-related risks, defense spending tailwinds, and company-specific wins, the analyst tells investors in a research note.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ACDVF:
- Air Canada Completes Repayment of Convertible Senior Notes
- Air Canada Completes $500 Million Share Buyback to Enhance Shareholder Value
- Air Canada Reveals Preliminary Results of $500 Million Share Buyback
- Air Canada: Strategic Growth and Financial Outlook Drive Buy Rating
- Air Canada Announces Expiry of $500 Million Share Buyback Offer