Scotiabank upgraded Chorus Aviation (CHRRF) to Outperform from Sector Perform with a price target of C$30, up from C$26. This is “not a post-earnings upgrade” as Q4 missed and 2026 guidance was only slightly better-than-expected, but rather a reflection of increased conviction in Chorus’ ability to keep earnings from declining while at the same time generating solid cash flows to return a significant amount of capital to shareholders, the analyst tells investors.
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