TSX:CJT - Post Discussion
Post by
retiredcf on Apr 27, 2023 2:54pm
BMO
As can be seen, his target is now almost 40% below Street concensus. GLTA
As “macro headwinds remain elevated,” BMO’s Fadi Chamoun trimmed his Cargojet Inc. target to a Street-low $119 from $130 with a “market perform” rating. The average is $164.42.
“CJT is well positioned to weather continued/elevated macro headwinds and the steps taken by management to lower capex and operating costs in recent months should help support free cash flow and prevent financial leverage from creeping higher. But an improvement in valuation is likely to remain elusive in the immediate term in the absence of improved visibility into demand and bottoming of air freight cycle,” he said.
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