Bank of America Merrill Lynch Reiterates Buy Rating, $85 PT for Copa Holdings
In a company update published earlier today, Bank of America Merrill Lynch reiterated its Buy rating and $85.00 price target for Copa Holdings, S.A. (NYSE: CPA).
BofA Merrill Lynch went on to say “Although we acknowledge that uncertainties regarding 2012 macroeconomic outlook are sizeable, and the behavior of oil prices and FX levels could be volatile, we maintain our preference for COPA among the Latin American airlines. CPA continues to offer a more resilient profile and leading operating margins in the sector, combining a valuable pricing power with an effective cost control strategy.”
Copa Holdings, S.A. closed yesterday at $80.26.
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