Cargojet price target lowered to C$142 from C$150 at CIBC

CIBC lowered the firm’s price target on Cargojet (CGJTF) to C$142 from C$150 and keeps an Outperformer rating on the shares. The firm does expect any major guidance revisions from the waste sector or aviation and aerospace names under coverage, the analyst tells investors in a research note. CIBC continues to make the case that Cargojet’s earnings are relatively sheltered from the increased uncertainty around U.S. trade policy.