BMO's Takeaways From Chorus Aviation's Investor Day 2023-03-30 01:16:42 PM ET (MT Newswires)
01:16 PM EDT, 03/30/2023 (MT Newswires) -- Chorus Aviation hosted its first ever Investor Day on March 29. The event appears to have been designed to underscore the new strategic direction for the company, which started to take shape with the acquisition of Falko in May 2022.
"We believe that CHR shares offer significant upside opportunity given the outlook for strong free cash flow and debt repayment, leading market position, and opportunities to reinvest in accretive growth," says BMO Capital's Fadi Chamoun.
Reiterate Outperform rating and target price of $5.35.