The Globe and Mail reports in its Tuesday, Jan. 13, edition that RBC Dominion Securities analyst James McGarragle has reaffirmed his "outperform" recommendation for Air Canada. The Globe's David Leeder writes in the Eye On Equities column that Mr. McGarragle continues to target the shares at $25. Analysts on average target the shares at $23.13. Mr. McGarragle says in a note: "We expect management to release 2026 guidance within a range of $3.4-billion to $3.5-billion reflecting margin pressure from aircraft delivery delays, updated labour agreements, and rising airport infrastructure costs. Looking through a transitory 2026, we anticipate a significant FCF inflection in 2028-2029 off normalizing capital expenditures. Our target multiple remains at 3.5 times resulting in our unchanged target price." The Globe reported on Oct. 1, Nov. 26 and Dec. 11 that Mr. McGarragle rated Air Canada "outperform." It was then worth $18.06, $18.84 and $18.22.