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 > BMO

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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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