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Fly News Breaks for February 20, 2019
CPA
Feb 20, 2019 | 05:28 EDT
Imperial Capital analyst Michael Derchin raised his price target for Copa Holdings to $77 following the company's Q4 results but keeps an Underperform rating on the shares. Copa provided forward guidance indicating current revenue trends are expected to continue at least through the first half of 2019, Derchin tells investors in a research note. However, he believes consensus expectations overestimate the rate of the company's potential unit revenue and margin recovery. The analyst remains confident in his below-consensus fiscal 2019 and 2020 estimates.
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