The Globe and Mail reports in its Friday that RBC's James McGarragle continues to rate Chorus Aviation "outperform." The Globe's Darcy Keith writes that Mr. McGarragle gave his share target a $4 boost to $35. Analysts on average target the shares at $30.57. Mr. McGarragle says in a note: "Management is targeting through 2029 $525-million in planned capital allocation at the mid-point consisting of $190-million in loan payments, $100-million in buybacks, $40-million in dividends and $195-million (at the mid-point) of flexible capital allocation. The planned capital allocation will be funded by $450-million in FCF and $78-million in near-term aircraft sales; subtracting the loan payments leaves $330-million of available cash for shareholder returns, M&A, organic investment, and/or debt repayment. A compelling opportunity on a $500-million market cap, in our view. ... Chorus last week increased its dividend (forward yield of 2 per cent) and announced an NCIB representing 10 per cent of its public float. Important is that we believe Chorus can execute fully on the NCIB with 2026E FCF and previously announced aircraft sales, and still have cash left over for M&A, organic investment, and/or debt repayments."
© 2026 Canjex Publishing Ltd. All rights reserved.