UBS downgrades Air Canada Analyst downgraded AC to hold and reduced their price target to $1.10. She mentions the labour negotiations, the inability to fund their pension deficit and the unions resistance to a new low cost carrier. Looks like AC will definitely head into bankruptcy again. I could not paste the link but it can be found at www.globeinvestor.com Click on air canda quote and read the recent news.
Happy Holidays
Harv
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