Copa Holdings price target raised to $250 from $245 at TD Cowen

TD Cowen raised the firm’s price target on Copa Holdings to $250 from $245 and keeps a Buy rating on the shares. The firm noted they reported better than expected Q4 earnings as management reiterated its 2024 guide, which looks conservative. Cowen expects numbers to come up and thinks these shares can sell at ~9x-9.5x forward earnings.