Bullboard - Stock Discussion Forum Cargojet Inc T.CJT.DB.E

Primary Symbol: T.CJT Alternate Symbol(s): CGJTF | T.CJT.DB.F

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Cargojet Inc. is a Canada-based provider of time sensitive air cargo services to all major cities across North America, providing dedicated, aircraft, crew, maintenance and insurance (ACMI) and international charter services. The Company's main air cargo business is comprised of operating a domestic network air cargo co-load network between sixteen major Canadian cities and providing dedicated... see more

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TSX:CJT - Post Discussion

Cargojet Inc > ATB

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Post by retiredcf on Jan 13, 2023 8:52am

ATB

ATB Capital Markets’ Chris Murray lowered his Cargojet Inc. target to $185, below the $197 average, from $200 with an “outperform” rating.

“Management was constructive on the Company’s longer-term outlook but highlighted some softness in volumes on its domestic network in December, with more normal trends returning in January,” he said. “Management acknowledged that macro conditions have weakened since its investor day, though we see the contracted nature of its volumes, ability to optimize capacity, and domestic franchise supporting activity levels and margins in 2023 and beyond. We view CJT as an intriguing GARP opportunity with an attractive risk/reward setup at current valuations.”

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