The Globe and Mail reports in its Friday, April 5, edition that RBC Dominion Securities analyst James McGarragle assumed coverage on Chorus Aviation with "outperform" recommendations. The Globe's David Leeder writes in the Eye On Equities column that Mr. McGarragle set a share target of $3.50. Analysts on average target the shares at $3.08. Mr. McGarragle says in a note: "We see Chorus as benefitting from solid FCF generation in 2024, which we expect to drive lower debt levels. Longer-term, we see the eventual launch of Fund III as providing an avenue for growth. We expect decreased leverage to give management optionality for increased shareholder returns, regional aircraft focused M&A, and continued fund launches, all of which we would view as important catalysts for the shares and as drivers of higher valuation." The Globe reported on Feb. 4, 2023, Jan. 23, 2024, and Feb. 27, 2024, that Scotia Capital analyst Konark Gupta rated Chorus "sector outperform" and then "sector perform" twice when it was worth $3.87, $2.43 and $2.15.