RE:Poor Ben Cherny ERTguy wrote: Sounds like a note from an analyst who missed the boat and told everyone to sell at $8. This is among the most sheepish notes I've seen thus far from raymond james.
“While the market may be looking through a different lens today, not that much has changed from our perspective,” wrote Raymond James analyst Ben Cherniavsky in a note to clients. Just wow! Someone really hates AC
“The economy appears a little healthier and the Canadian dollar is higher, which helps reduce airline costs; however, Canada’s airlines continue to underperform their U.S. peers by all the key financial measures. This, in our view, reflects the excess capacity growth and insufficient pricing power in the market.”
And he raised his PT to above the levels today, which makes me wonder how he actually feels :P
https://www.stockhouse.com/companies/bullboard?symbol=t.ac&postid=26538770
Sour grapes in my opinion!