UPDATE: Imperial Capital Initiates Coverage on Copa Holdings

According to a research report published this morning, Imperial Capital has initiated Copa Holdings CPA with an Outperform rating and $95 PT. In the report, Imperial Capital said, "We are initiating coverage of Copa Holdings, S.A. with an Outperform rating and a 12 month price target of $95. CPA operates the largest airline hub in Central America. From 2006 to 2011, Copa has grown capacity, revenues, net income, and EPS with CAGRs of 14-18%. With its current fleet plan, announced new cities, and flight frequency additions, we see continued earnings growth to support our $95 price target." Copa Holdings closed yesterday at $83.06.