The Globe and Mail reports in its Wednesday, Feb. 18, edition that Raymond James analyst Savanthi Syth, seeing Air Canada's potential near-term upside counterbalanced by elevated capacity growth target concerns for 2027, downgraded the airline to "market perform" from "outperform" without a specified share target. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $24.95. Mr. Syth says in a note, "Unless there is a significant strengthening in the economic outlook/transborder recovery or capitulation by a weaker competitor, we believe this level of growth will start to weigh on investor sentiment." The Globe reported on Oct. 1, Nov. 26, Dec. 11 and Jan. 13 that RBC Dominion Securities analyst James McGarragle rated Air Canada "outperform." It was then worth $18.06, $18.84 and $18.22. The Globe reported on Jan. 15 that National Bank Financial analyst Cameron Doerksen had reaffirmed his "sector perform" ranking for Air Canada. The shares could then be had for $19.78.