Inside the Market’s roundup of some of today’s key analyst actions

While National Bank Financial analyst Cameron Doerksen acknowledges Air Canada ’s ( AC-T ) relative valuation, which has been the primary driver of his investment thesis, remains “attractive”, he see several headwinds that will likely impact for further share price upside in the near-to-medium term as well as “a lack of positive catalysts to drive the stock higher.”

That led him to downgrade his recommendation to “sector perform” from “outperform” ahead of the Nov. 4 release of its third-quarter financial results.

“Q3 results will be marred by the direct financial impact from the Flight Attendant strike as well as indirect costs such as passenger compensation/re-booking costs,” said Mr. Doerksen. “We also expect yiel

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