Air Canada and Advance Auto Parts receive updated analyst price targets

Financial analysts have issued updated price targets for Air Canada and Advance Auto Parts.

Stifel Nicolaus raised its price target for Air Canada from C$30.00 to C$38.00, maintaining a “buy” rating. This adjustment suggests a potential upside of approximately 29% from the stock's previous close. Other recent analyst actions on Air Canada include target increases from ATB Cormark Capital Markets and Royal Bank of Canada, alongside a target decrease from JPMorgan Chase & Co.

For Advance Auto Parts, Royal Bank of Canada lowered its price target from $67.00 to $52.00, maintaining a “sector perform” rating. Despite this reduction, the new target implies a potential upside of 22.73% from the current price. Other brokerage firms, including Truist Financial and TD Cowen, have also recently set price objectives for the company.