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Fly News Breaks for February 13, 2020
CPA
Feb 13, 2020 | 09:16 EDT
Buckingham analyst Daniel McKenzie raised his price target for Copa Holdings to $131 from $125 and maintained a Buy rating following the company's Q4 results. In a research note to investors, McKenzie says the revenue outlook continues to strike him as conservative given premium seating opportunities tied to the MAX and merchandising initiatives coming online in 1H20 that he doubts management has fully embedded, hence his willingness to boost valuation on EPS upside yet to come.
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