The Globe and Mail reports in its Tuesday, June 6, edition that CIBC World Markets analyst Kevin Chiang has reiterated his "underperformer" call on Transat AT. The Globe's David Leeder writes in the Eye On Equities column that Mr. Chiang upgraded his share target to $3.50 from $2.50. Analysts on average target the shares at $3.55. Transat AT posts earnings on Thursday. Mr. Chiang says in a note: "We expect results will highlight the continued strength and pent-up travel demand benefitting the Canadian airline industry. We also expect Transat to raise its F2023 adjusted operating margin targets. While Transat's recovery is ahead of schedule, our cautious stance on the name reflects its elevated debt position."