The Globe and Mail reports in its Friday, March 14, edition that CIBC World Markets analyst Kevin Chiang is sticking with his "underperformer" recommendation for Transat AT. The Globe's David Leeder writes in the Eye On Equities column that Mr. Chiang gave his share target a 60-cent trim to $1.20. Analysts on average target the shares at $1.64. Mr. Chiang says in a note: "On the back of Transat AT's FQ1 results, the company continues to see a rational competitive environment for the sun destination and transatlantic markets, while its elevation program is progressing well. That said, growing concerns over an economic slowdown are weighing on Transat's shares given it is more exposed to leisure travellers, while its debt level remains elevated." The Globe reported on June 11 that Mr. Chiang had reaffirmed his "underperformer" recommendation for Transat AT. The shares could then be had for $2.70. The Globe reported on Feb. 12 that TD Cowen analyst Tim James had reaffirmed his "hold" recommendation for Transat AT. The shares were then going for $1.75.