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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (16981)	5/10/2017 9:19:58 AM
From: Goose94	Read Replies (1) \| Respond to of 202785

Air Canada (AC-T) revenue outlook and earnings potential confirm that its shares are extremely undervalued, according to a note from TD Securities. Analyst Tim James reiterated his "action list buy" recommendation on the stock, and raised his price target to $24 from $21, following Air Canada's better-than-expected first-quarter results. "The Q1 results and outlook imply that the company remains on track to reach its full-year guidance and resume positive growth in 2018, results that we believe are far from being factored into the current Air Canada valuation," Mr. James told clients. "In our view, Air Canada's valuation remains very attractive based on any metric or comparison, particularly when considering its achievements over the past five years and its growth potential." He highlighted several potential market-movers for Air Canada in 2017, including execution in quarters that contribute a higher proportion of the company's earnings, an investor day in September, and the market's increased focus on 2018 earnings and free cash flow potential. Air Canada closed Tuesday at $14.45, up 47 cents.