Air Canada Price Target Cut to $25.50 at Stifel Canada

-- Stifel Canada trimmed its price target on Air Canada (AC.TO) shares to $25.50 from $28.00 while maintaining its buy rating ahead of the company reporting its first-quarter results after market close on April 30.

Analyst Daryl Young expects the results to be relatively strong, despite challenges related to winter storms, Cuba fuel crises, Mexico safety disruptions, and the Middle East conflict. "However, the key focus will be the durability of demand and pace of fuel price pass-through heading into the peak Q3 period (traditionally >40% of EBITDA)."

Young believes demand has remained resilient. Air Canada is also well-positioned versus smaller Canadian peers given its scale, flexible fleet, and segmented offering, he points out.

"We expect AC to lower its full-year 2026 guidance alongside Q1/26 results or possibly withdraw it altogether, in favour of quarter-to-quarter guidance pending fuel price stability."

Price: $18.30, Change: $-0.22, Percent Change: -1.19%

Brown & Brown's Q1 Report Shows Organic Revenue Growth Under Continued Pressure, UBS Says

Brown & Brown's (BRO) Q1 report shows that the company's organic revenue growth continues to remain under pressure despite better than expected quarterly earnings per share and adjusted margins, UBS said in a note.The company's flat Q1 organic revenue growth was below UBS expectations of a 2% growth and consensus of 1.3%, UBS said on Monday. The metric further excluded $10 million in litigation related lost revenue, which was in-line with expectations, according to UBS.Looking ahead, Brown & Brown expects catastrophe property rates to continue to experience downward pressure in Q2, while economic growth should remain relatively stable, UBS said. The company's capital allocation will have a bias toward buybacks and paying down debt, while remaining active for specialty and smaller deals, UBS added.UBS maintained its neutral rating on the company's stock with an $81 price target.Shares of Brown & Brown were down over 6% in Tuesday trading.Price: $62.07, Change: $-4.06, Percent Change: -6.13%

$BRO

TD Cowen Raises Incyte Price Target to $124 From $123

Incyte (INCY) has an average rating of overweight and mean price target of $109.10, according to analysts polled by FactSet.(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..com/contact-us)Price: $94.83, Change: $-0.89, Percent Change: -0.93%

$INCY

Air Canada Price Target Cut to $25.50 at Stifel Canada

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