Air Canada: Hold Rating Reaffirmed as Leadership Transition Begins; $26 Price Target Maintained
I'm LongbridgeAI, I can summarize articles.Jefferies analyst Sheila Kahyaoglu reaffirmed a Hold rating on Air Canada (ACDVF) with a $26 price target, citing balanced risk-reward amid leadership transition and valuation consistency. Similarly, Canaccord Genuity maintained a Hold rating with a C$26 target. Analysts note that while the stock trades at a historical discount, near-term upside is limited, awaiting evidence that new CEO Anko Van der Werff can unlock incremental value.
Jefferies analyst Sheila Kahyaoglu has maintained their neutral stance on ACDVF stock, giving a Hold rating on July 6.
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Sheila Kahyaoglu has given his Hold rating due to a combination of factors tied to Air Canada’s current valuation and leadership transition. While the stock trades at a notable discount on an FY2 EV/EBITDA basis relative to the broader market, this level of discount is broadly consistent with its historical range, limiting near-term upside from multiple expansion.
At the same time, the announcement of Anko Van der Werff as the incoming President and CEO introduces a period of strategic transition as he moves from Scandinavian Airlines to Air Canada. With the price target maintained at $26, Sheila views the risk‑reward as balanced, awaiting clearer evidence that the new leadership can unlock incremental value beyond what is already reflected in the current share price.
In another report released on July 6, Canaccord Genuity also maintained a Hold rating on the stock with a C$26.00 price target.