Canadian Helicopters Group Inc T.CHL.A

upgraded to 35.00

[itsalie]

Canadian Helicopters Group Inc. (CHL.A-T31.241.535.15%) blew past expectations in reporting fourth-quarter results, with adjusted earnings per share of 78 cents almost double the average analyst forecast. Desjardins Securities Inc. analyst Benoit Poirier believes the company could exit 2012 debt-free based on its strong cash flows, which will position the company well for further acquisitions.

Upside: Mr. Poirier raised his price target by $2 to $35 and maintained a “buy” rating.

https://www.theglobeandmail.com/globe-investor/investment-ideas/features/eye-on-equities/analysts-hike-price-targets-on-agf-canadian-helicopters/article2385744/