Goldman Sachs Upgrades Copa Holdings (CPA) to Buy

Goldman Sachs analyst Bruno Amorim upgraded Copa Holdings (NYSE: CPA) from Neutral to Buy with a price target of $138.00 (from $151.00).

The analayst comments: "We are upgrading Copa to Buy from Neutral. We maintain our Q5-Q8 EV/EBITDA multiple at 5.0x and update our price target for CPA to USD 138.00 (from USD 151.00 previously) on our updated forecasts. We highlight the company operates at the lowest leverage within our coverage and has a geographical competitive advantage which should allow the company to withstand the current macroeconomic volatility and pass-through higher fuel prices to tickets with potentially lower impact to demand vis-à-vis other competitors in the region. Moreover, it is worth noting that, even under our current jet fuel outlook for 2026E (at ~USD 3.3/gallon, or ~58% up YoY) we still model for the company to sustain leverage at ~1.7x/1.1x ND/EBITDA in 2026/2027E."

For an analyst ratings summary and ratings history on Copa Holdings click here. For more ratings news on Copa Holdings click here.

Shares of Copa Holdings closed at $119.18 yesterday.

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