01:45 PM EST, 01/20/2025 (MT Newswires) -- National Bank has lowered its one year target on Cargojet ( CGJTF ) by $7, to $151, and reiterated its Outperform rating.

In his preview of Cargojet's ( CGJTF ) upcoming fourth-quarter results, scheduled for release on Feb. 17, analyst Cameron Doerksen notes the company will face some cost headwinds in 2025.

However, Doerksen has a positive outlook for Cargojet's ( CGJTF ) domestic network volumes. Growth from the contract signed last year should support e-commerce volumes between China and Canada. The outlook remains generally constructive for Cargojet ( CGJTF ), he adds.

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