CIBC analyst Kevin Chiang has adjusted the price target for Air Canada (ACDVF, Financial), reducing it from C$24 to C$21. Despite this reduction, the firm maintains an Outperform rating on the airline's stock as it approaches its first-quarter earnings report.
The firm anticipates no significant changes in guidance from key sectors such as Canadian railways and waste management. For the industrial and transportation sectors, the spotlight will be on how tariffs could affect these industries. Analysts also noted that freight trends were subdued in the first quarter, and they expect discussions to focus on pricing, volume trends, and forward-looking projections for the rest of 2025.
