The Globe and Mail reports in its Wednesday, March 19, edition that Desjardins Securities analyst Benoit Poirier has reduced his Street-high share target for Transat AT by 25 cents to $2. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $1.54. After a first quarter beat driven by favourable fuel prices, Mr. Poirier sees Transat AT maintaining its trajectory "despite tariff hostility." Mr. Poirier says in a note: "While Transat has not been directly impacted by increased Canada-U.S. hostility given its limited exposure to the U.S. end market, we remain conservative with our estimates given some of the potential indirect effects of the volatility -- a depreciating loonie and weaker consumer confidence, which could impact future travel demand. Analyzing the weak Q1 results of some U.S. airlines, it appears that the macro uncertainty has already begun to impact the industry. ... We prefer to remain on the sidelines as we await additional deleveraging as well as execution of the strategic plan." On March 13 Transat posted quarterly revenue of $830-million, up 5.6 per cent year-over-year, above both Mr. Poirier's $801-million estimate and the consensus of $814-million.