Research
Transat Price Target Lowered to CA$2 at TD
TD Securities lowered its price target on Transat A.T. Inc. (TRZ.TO) to CA$2 from CA$2.25 on Friday.Analyst Tim James maintained a hold rating on shares of the Montreal-based integrated tour operator following its quarterly results on Thursday.The stock declined 8.2% on the Toronto Stock Exchange by the close Thursday."In the current environment of competition limiting yield expansion and higher jet fuel prices, we believe it is appropriate to wait for a better economic/industry backdrop that provides better visibility on long-term earnings potential before considering Transat," the analyst said.
$TRZ.TO