Scotiabank keeps Air Canada at Sector Outperform, cuts target to $31
Scotiabank kept its Sector Outperform rating on Air Canada and lowered its price target to $31 from $33, a 6.1% cut, per TradingView, based on the October 29 close.
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what happened
Analysts at Scotiabank maintained their Sector Outperform rating on Air Canada shares but reduced the price target from $33 to $31, a 6.1% decrease. According to TradingView, the new target implies a 41.7% gain from the October 29 closing price of $21.87.
The report covers only a single analyst rating and includes no new financial figures from the company. It also notes that the material is not personal investment advice.
why it matters
A price target change is a routine event for stocks with a buy-type rating, and it usually has little effect on the broader market. For Air Canada investors, revenue trends, airline costs and travel demand matter more. The analyst adjustment by itself does not change the company's fundamentals.
tags
instruments
sources
- Scotiabank maintains Air Canada at Sector Outperform, lowers price target to $31 from $33 — TradingView, 30 October 2026 at 19:35 UTC
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prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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