Copa Holdings, S.A. (NYSE:CPA) is one of the high-growth industrial stocks to buy. On February 6, Raymond James reiterated a Strong Buy rating on Copa Holdings, S.A. (NYSE:CPA) and increased the price target to $185 from $164.
The price target hike comes as the research believes the stock is trading at an attractive valuation, backed by a strong balance sheet. In addition, it has touted the company’s geographically advantageous hub, which has enabled it to enjoy strong demand across its network. Raymond James expects the company to deliver strong free cash flow supported by structural strengths in its hub’s scale and scope.
On the other hand, on February 13, Goldman Sachs downgraded Copa Holdings to Neutral from Buy and raised the price target to $151 from $150. The downgrade comes amid concerns that there is little room for further meaningful improvement for the airline. However, it hiked the price target, citing the company’s strong operational momentum.
Copa Holdings, S.A. (NYSE:CPA) is a leading Latin American provider of airline passenger and cargo services, operating primarily through its subsidiaries, Copa Airlines and AeroRepública (Wingo).
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Disclosure: None. This article is originally published at Insider Monkey.