12:47 PM EST, 01/15/2026 (MT Newswires) -- BMO Capital Markets adjusted its fourth-quarter estimates for Cargojet ( CGJTF ) to reflect preliminary peak season trends and the incremental tailwind from tighter charter markets following the MD-11 fleet grounding.

In a note to clients, analyst Fadi Chamoun, who has updated the price target to $90.00 from an undisclosed prior level, with a market-perform rating on the shares, writes that Cargojet ( CGJTF ) has rallied approximately 30% since November 2025. He believes that 2026 is shaping up to be another year of uncertainty and volatility for the company.

"The risk-reward profile does not screen as attractive," he concludes.

Price: 93.12, Change: +2.47, Percent Change: +2.72