{"id":59342,"date":"2024-12-30T21:22:31","date_gmt":"2024-12-30T21:22:31","guid":{"rendered":"https:\/?p=59342"},"modified":"2024-12-30T21:22:31","modified_gmt":"2024-12-30T21:22:31","slug":"citigroup-lowers-forecast-on-air-canadas-stock","status":"publish","type":"post","link":"https:\/\/www.stocktargetadvisor.com\/blog\/citigroup-lowers-forecast-on-air-canadas-stock\/","title":{"rendered":"Citigroup Lowers Forecast on Air Canada’s Stock"},"content":{"rendered":"

Air Canada (AC:CA) (ACDVF)<\/h2>\n
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Citigroup (Analyst Rank#7)<\/a> has lowered its target price on Air Canada (AC:CA)<\/strong> to $26.50<\/strong> from $28.50<\/strong>, while maintaining a “Buy”<\/strong> rating on the stock. However, Citigroup’s decision to keep a “Buy”<\/strong> rating indicates confidence in the long-term growth prospects of Air Canada, suggesting that the stock still holds value for investors looking at the broader picture.<\/p>\n

Analyst Consensus on Air Canada<\/h3>\n

The average analyst target price<\/strong> for Air Canada stands at CAD 24.95<\/strong> over the next 12 months, which is slightly below the current stock price of CAD 22.43<\/strong>. This implies a potential upside<\/strong> of around 11%<\/strong>, suggesting that analysts see room for moderate growth. Notably, the average analyst rating<\/strong> for Air Canada is “Strong Buy,”<\/strong> indicating broad confidence from the analyst community in the company’s long-term prospects.<\/p>\n

Stock Performance and Market Sentiment<\/h3>\n