What's Going On With Chorus Aviation Shares Today

Chorus Aviation Inc CHR CHRRF price target was raised to C$5 from C$4.75 by RBC Capital analyst Walter Spracklin.
The analyst maintained the Outperform rating on the shares.
Spracklin says, while Q1 was mixed, management provided solid new guidance on the back of the Falko acquisition.
The analyst adds that the acquisition created the "world's largest lessor focusing on regional aviation," reaffirming a favorable view on the market opportunity and Chorus Aviation's underlying valuation.
Spracklin sees the company as well-positioned for a continued recovery in the regional air travel and aircraft leasing business environments.
Scotiabank analyst Konark Gupta lowered Chorus Aviation's price target to C$5.75 from C$6 and maintained the Outperform rating on the shares.
Price Action: CHR shares are trading lower by 1.62% at C$3.64 on TSX on the last check Monday.

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