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Air Canada T.AC

Alternate Symbol(s):  ACDVF

Air Canada is an airline company. The Company is a provider of scheduled passenger services in the Canadian market, the Canada-United States (U.S.) transborder market and the international market to and from Canada. It provides scheduled service directly to more than 180 airports in Canada, the United States and internationally on six continents. The Company’s Aeroplan program is Canada's premier travel loyalty program, where members can earn or redeem points on the airline partner network of 45 airlines, plus through a range of merchandise, hotel and car rental rewards. Its freight division, Air Canada Cargo, provides air freight lift and connectivity to hundreds of destinations across six continents using its passenger and freighter aircraft. Its Air Canada Vacations is a tour operator, which is engaged in developing, marketing, and distributing vacation travel packages in the outbound/inbound leisure travel market. Air Canada Rouge is Air Canada's leisure carrier.


TSX:AC - Post by User

Bullboard Posts
Post by bullbirdon Feb 13, 2015 6:07pm
289 Views
Post# 23429206

Globe says Chiang foresees "good upside" at Air Canada

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.
Bullboard Posts