Most airline stocks have lost altitude in a difficult 2022 environment, but one Wall Street analyst said Monday that 2023 could be a big year for airlines.
Morgan Stanley analyst Ravi Shanker issued the following changes to his airline coverage:
RBC Capital analyst Darko Mihelic downgrades Canadian Imperial Bank (TSX:CM) from Outperform to Sector Perform and lowers the price target from C$78 to C$69.
B of A Securities analyst Derek Hewett downgrades Angel Oak Mortgage (NYSE:AOMR) from Buy to Underperform and lowers the price target from $15.5 to $6.5.
Scotiabank analyst Meny Grauman downgrades Canadian Imperial Bank (TSX:CM) from Sector Outperform to Sector Perform and lowers the price target from C$75 to C$68.