Cargojet Price Target Raised to C$127 at TD

MT Newswires Live

Aug 12

TD Securities raised its price target on Cargojet Inc. (CJT.TO) to C$127 from C$118 on Wednesday.

Analyst Tim James maintained a buy rating on shares of the Canadian scheduled cargo airline following its quarterly results, reported after market close on Monday.

"Q2 demonstrates resilience of Domestic network and Charter strength," James said in a note to clients.

"New pilot agreement and revenue trends suggest higher than previously forecast costs offset by stronger-than-expected revenue going forward."

(MT Newswires 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.mtnewswires.com/contact-us)

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(CJT.TO) to C$127 from C$118 on Wednesday.</p><p>Analyst Tim James maintained a buy rating on shares of the Canadian scheduled cargo airline following its quarterly results, reported after market close on Monday.</p><p>\"Q2 demonstrates resilience of Domestic network and Charter strength,\" James said in a note to clients.</p><p>\"New pilot agreement and revenue trends suggest higher than previously forecast costs offset by stronger-than-expected revenue going forward.\"</p><p>(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. 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