Globe says Chiang foresees "good upside" at Air CanadaThe Globe and Mail reports in its Friday, Feb. 13, edition that despite a "messy" fourth quarter, Air Canada ($12.38) managed to remain focused on a key objective, says CIBC World Markets analyst Kevin Chiang. The Globe's Jody White writes in the Eye On Equities column that Mr. Chiang says: "While [Air Canada's fourth quarter] results were a bit messy, they did not detract from the company's bigger picture strategy of lowering its risk profile. ... As the airline continues to execute on its plan, we foresee good upside in the name." In addition, the airline looks to have a $780-million pension surplus, a far cry from its $4.2-billion deficit in 2012. Mr. Chiang maintains his "sector outperformer" rating and is boosting his target price by a dollar to $17.50. The analyst consensus price target is $17.93. The Globe's David Berman said on Jan. 6 that investors betting on Air Canada being a top performer again in 2015 could be disappointed. The shares were then worth $12.10. Canaccord Genuity analyst David Tyerman maintained Air Canada at "buy" in the Eye column on Jan. 31. In the item, Mr. Tyerman hiked his share target to $17 from $16. The shares could then be had for $11.75.