BMO Capital Markets lowered its price target on Air Canada (AC.TO) to $29 from $31.
Analyst Fadi Chamoun maintained an Outperform rating on shares of the Canadian airline.
"Macro risk has increased significantly in recent months amid trade policy uncertainty, but in our view, the sentiment has become far too bearish on Air Canada relative to both near-term and long-term fundamentals," Chamoun said in a note to clients.
(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)
Price: 13.98, Change: -0.36, Percent Change: -2.51
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