Copa Holdings Upgraded By Credit Suisse

Credit Suisse boosted its rating on Copa Holdings (NYSE: CPA), the Panama-based airline, to ''outperform'' from ''neutral,'' citing an improved outlook for 2010 and solid fourth-quarter 2009 results. The price target was also boosted to $62 from $48.

Copa Holdings said its fourth-quarter occupancy rate rose by 13% and that it expects heavier traffic this year and higher profit margins on ticket sales.