CAE assumed with a Buy at Goldman Sachs

Goldman Sachs assumed coverage of CAE (CAE) with a Buy rating with a price target of $33, unchanged $33. The firm views CAE as one of the most undervalued stocks within its coverage. The company supports and outgrows a two-times GDP end market, is a “toll booth” to aviation, has dominant market share in a fragmented market, and has fundamental characteristics similar to some of the most profitable and highly valued businesses in aerospace, the analyst tells investors in a research note.