We've moved We have moved Trading Desk to a new home with better features and a new design! You can visit it directly, or subscribe to the RSS or Atom feeds You can also visit our brand new home pages, www.nationalpost.com and www.financialpost.com New blog address: http://network.nationalpost.com/np/blogs/tradingdesk/default.aspx RSS: http://network.nationalpost.com/np/blogs/tradingdesk/rss.aspx ATOM: http://network.nationalpost.com/np/blogs/tradingdesk/atom.aspx

Visit Trading Desk

UBS drops coverage of ACE Aviation Holdings to focus on Air Canada

Posted on July 08, 2008

UBS analyst Fadi Chamoun has dropped his coverage of ACE Aviation Holdings Inc., opting instead to focus his coverage on the holding company s primary interest, Air Canada. We are dropping coverage because the unwinding of ACE is in its last stage, he said in a note to clients Monday. We will continue to cover the implications of this unwinding for Air Canada. The last sum-of-its-parts valuation UBS held on ACE was $26. Mr. Chamoun has maintained his neutral rating on Air Canada and his $9 price target. Going forward, our ratings, price target and financial estimates for AC...

Original article link


analyst , canada