UPDATE: Evercore Partners Raises Target on Copa Holdings to $81

Evercore Partners reiterates its Overweight rating on Copa Holdings (NYSE: CPA) and raises its price target by $1 to $81 on growth and attractive valuation.

Evercore Partners says, "Copa offers growth, supported by higher regional economic growth prospects and strong competitive position, at an attractive valuation. We reiterate our Overweight rating on CPA shares, which trade at under 9x 2012 earnings vs. a mean historical forward multiple of ~10x."

CPA closed at $70.41 a share on Thursday.