Jefferies lowered the firm’s price target on CAE (CAE) to $27 from $31 and keeps a Hold rating on the shares. The firm adjusted its Q4 EPS view based on its analysis of foot traffic at CAE’s U.S. training centers as a proxy for simulator utilization.
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Read More on CAE:
- CAE price target lowered to C$53 from C$54 at TD Securities
- CAE: Transformation-Driven Margin Expansion and Cyclical Tailwinds Support Buy Rating
- CAE announces leadership appointments to support growth
- CAE assumed at Buy from Hold at Canaccord
- CAE: Strategic Shift to Margin Expansion and Free Cash Flow Unlocks Compelling Buy Opportunity