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Posted AT 10:52 AM EST on 07/01/08

Analyst grounds WestJet, clears Discovery Air for takeoff

Globe and Mail Update

Versant Partners analyst Cameron Doerksen has cut his rating on WestJet Airlines to "hold" from "buy"  but has launched his coverage of niche air services provider cleared Discovery Air  with a "buy." Shortly after WestJet reported more strong traffic statistics for December this morning, Mr. Doerksen told clients in a note that he has lowered his WestJet rating because, at $21.

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