The Globe and Mail reports in its Thursday, July 20, edition that RBC Dominion Securities analyst Walter Spracklin is taking a "more conservative view" on the Canadian airlines/aerospace sector for the next year. The Globe's David Leeder writes in the Eye On Equities column that Mr. Spracklin says, "Generally, the airlines/aerospace sector underperformed the market in Q2, except for [Air Canada], which significantly outperformed on robust summer travel demand and normalizing fuel prices." Mr. Spracklin continues to rate Air Canada "sector perform." He gave his share target a $2 boost to $25. Analysts on average target the shares at $29.90. Mr. Spracklin says in a note: "Based on the data and associate trends, we are increasing our Q2 estimates for [Air Canada] (due to fuel cost declines) and take a more conservative view in our out-year estimates, supported by weakening travel indicators observed in the RBC Elements data. The remainder of our coverage Q2 estimates remains unchanged ahead of reporting season. Our target multiple increases to five times (from 4.5 times) on robust summer travel demand and lower fuel costs." Mr. Spracklin says he is focused on the "sustainability of higher airfares."