The Globe and Mail reports in its Friday, Dec. 22, edition that BMO Capital analyst Fadi Chamoun has reaffirmed his "outperform" recommendation for Chorus Aviation. The Globe's David Leeder writes that Mr. Chamoun cut his share target to $4.15 from $4.75. Analysts on average target the shares at $3.76. Mr. Chamoun says in a note: "Chorus Aviation is on track to meet its 2023 financial targets and is well positioned to continue transitioning its asset leasing operations into a more scalable and higher ROE [return on equity] asset-light model. While we are reducing our 12-month target price to $4.15 from $4.75, in large part to recognize lower valuations in the aviation sector, we note that Chorus Aviation's highly contracted business model and favorable long-term outlook should continue to support significant upside from current levels." The Globe reported on March 4 that Canaccord Genuity analyst Matthew Lee warned Chorus Aviation's "transition to asset-light model will take time to come to fruition." He cut his rating to "hold." It was then worth $3.20. The Globe reported on Aug. 9 that Mr. Chamoun had an unchanged "outperform" recommendation on Chorus Aviation. The shares could then be had for $2.79.