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Investing.com - RBC Capital has raised its price target on Chorus Aviation Inc . (TSX:CHR) stock to C$30.00 from C$27.00 while maintaining an Outperform rating on the Canadian aviation company.
The firm’s updated valuation reflects an increase in the target multiple to 6x from 5.5x, according to a research note issued Monday. RBC Capital kept its second-quarter 2025 EBITDA estimate unchanged at C$51 million, which aligns with the current consensus estimate.
The investment bank’s full-year 2025 EBITDA projection for Chorus Aviation remains at C$209 million, closely matching the consensus forecast of C$210 million.
RBC Capital indicated that key focus areas for Chorus Aviation’s upcoming earnings call will include new growth initiatives in the company’s Voyageur division and the potential impact from higher defense spending.
The firm also highlighted investor interest in possible shareholder return initiatives, particularly following Chorus Aviation’s dividend reinstatement.
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