Analysts Cowen reiterated its outperform rating on the shares of US carrier Atlas Air Worldwide and the firms has increased its price target for the firm’s share to $40 from $37.According to Cowen, Atlas should see benefits from belly capacity reduction in China due to capacity reallocation by the passenger airlines. It said that Atlas is also taking a deeper look into the business to improve results in the current air freight environment with a focus on their growth clients and continued cost reduction efforts. Cowen said that Atlas was continuing to review its competitive positioning and is actively adjusting operations
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