UPDATE: Evercore Partners Raises Target on Copa Holdings to $90
Evercore Partners reiterates its Overweight rating on Copa Holdings (NYSE: CPA) and raises its price target to $90 from $81 following takeaways from the company's investor meeting.
Evercore Partners comments, "While Copa does not comment on monthly unit revenue, we believe demand trends accelerated in January vs. 4Q11. Additionally, we do not believe the improvement in January load factor vs. the declines seen in October/November was achieved by sacrificing yields."
CPA closed at $76.02 a share on Friday.
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