Stifel initiated coverage of Cargojet (CGJTF) with a Buy rating and C$125 price target Cargojet is Canada’s leading provider of time-sensitive overnight air cargo services, notes the analyst, who views the company’s domestic network as a unique “infrastructure-like” asset with very strong barriers to entry. The firm sees Cargojet having above average revenue visibility from long-term contracts and strategic partnerships as well as an “impressive organic growth story” and “solid” balance sheet, the analyst added.
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