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Air Canada initiated with a Hold at Stifel

Air Canada initiated with a Hold at Stifel

Stifel analyst Daryl Young initiated coverage of Air Canada with a Hold rating and C$20 price target The firm likes Air Canada’s global strategy and thinks the airline is “uniquely positioned” to benefit from Canada’s diverse population base and strong immigration trends, which will underpin growth into the 2030s. However, in the near-term, the stock could remain range-bound due to elevated 2025 forecast uncertainty related to the broader macro environment, the analyst tells investors in a research note. Stifel says “cracks” are showing for leisure travel demand amid a stretched Canadian consumer.

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