Air Canada price target raised to C$27 from C$25 at RBC Capital

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.