The Globe and Mail reports in its Wednesday, Feb. 12, edition that TD Cowen analyst Tim James has reaffirmed his "hold" recommendation for Chorus Aviation and Transat AT. The Globe's David Leeder writes in the Eye On Equities column that Mr. James boosted his share target for Chorus Aviation to $25 from $24. He lowered his share target for Transat to $2 from $2.25. Analysts on average target Chorus and Transat shares at $26.55 and $1.76. Mr. James says in a note: "For Chorus, we believe Q4 will continue to demonstrate predictability of Air Canada CPA and Voyageur growth. For Transat, financial leverage, narrow margins, engine issues and other factors expected to limit short-term share price upside, though signs of competitive discipline and its impact (positive) on yields could provide some optimism. We prefer Chorus to Transat due to its valuation, superior balance sheet, predictability, capital return program, and lack of exposure to economic and cyclical factors at this time of heightened economic uncertainty for Canada. We believe Transat revenue could eventually offer more leverage to air travel demand strength but potential labour cost inflation in 2025 could limit impact on earnings."