Citi Maintains Buy Rating on Copa Airlines, Despite Soft Quarter (CPA)

After reporting earnings that were below estimates, Citi maintained its Buy rating on Copa Airlines CPA today. Copa reported second quarter earnings of $0.60, versus Citi estimates of $0.67. Revenues came in slightly higher that Citi has estimated. Copa Holdings, S.A. is a Latin American provider of airline passenger and cargo service. Citi holds a $73 price target on the stock. According to Citi analysts, "it seems difficult for the majority of competitors to match Copa’s service in an economical manner — matching convenience of routes, flight schedules, seat pitch, availability of business class service, in-flight meal service, and entertainment, etc." Shares of Copa are down more than 2.6% today, to $51.10.