TD Securities analyst Tim James downgraded CAE (CAE) to Hold from Buy with a price target of C$35, up from C$34. The firm views the 56% share price move off 2024 bottom as appropriately discounting the company’s defense segment progress and margin outlook, along with the cyclical backdrop and “sentiment shifts” related to recent initiatives aimed at improving returns on capital.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on CAE:
- CAE price target raised to $25 from $23 at Jefferies
- CAE upgraded to Buy from Hold at Desjardins
- CAE price target raised to C$38 from C$33 at BMO Capital
- Browing West seeks to help recruit ‘best possible’ CEO for CAE
- Browning West seeks to engage with CAE board on CEO recruitment process
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
