10:30 AM EDT, 09/16/2024 (MT Newswires) -- National Bank has maintained its Outperform rating and $24 target on Air Canada ( ACDVF ) after the airline announced that a tentative deal with the pilots union ad been reached over the weekend.

"The uncertainty surrounding the negotiations and the threat of a work stoppage that could have begun this week has been a weighing on Air Canada ( ACDVF ) shares so if a new deal is ratified by the union members, we believe the successful conclusion of a new contract could be a positive catalyst for the stock," notes analyst Cameron Doerksen.

Air Canada ( ACDVF ) was last seen up $0.66 to $16.51 on the Toronto Stock Exchange.

Price: 16.51, Change: +0.66, Percent Change: +4.16