Canaccord analyst Mark Neville upgraded CAE (CAE) to Buy from Hold with a price target of C$49, up from C$38, as a new analyst assumed coverage. CAE is the global leader in simulation and training solutions in both Civil and Defense, which are markets with strong long-term secular tailwinds, and its global footprint, large installed base, and technical know-how create “prohibitive switching costs for customers,” the analyst tells investors.
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