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Fly News Breaks for February 17, 2017
CPA
Feb 17, 2017 | 05:35 EDT
Evercore ISI analyst Duane Pfennigwerth upgraded Copa Holdings to Hold and raised its price target to $100 from $75 following the Q4 beat. Pfenningwerth commented 2017 revenue acceleration implied by prior guidance appears more achievable. The analyst underestimated the rate at which revenue could recover in a more stable FX environment with constrained capacity in Copa's markets.
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