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Air Canada stock has risen by more than 50 per cent in the past five weeks.
Air Canada stock has risen by more than 50 per cent in the past five weeks.
(Fred Lum/The Globe and Mail)

Monday's analyst upgrades and downgrades

Inside the Market’s roundup of some of today’s key analyst actions. This file will be updated during the trading day. For breaking analyst actions prior to market open every day, read our Before the Bell morning report.

WestJet Airlines Ltd.'s plans to offer a single transatlantic flight could have "profound long-term implications" on Air Canada's competitive position on flights to Europe, warned Raymond James analyst Ben Cherniavsky as he downgraded his rating on the legacy carrier to "market perform" from "outperform."