RBC Capital Maintains Outperform on CAE, Lowers Price Target to C$34
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Walter Spracklin has maintained an Outperform rating on CAE but has lowered the price target from C$37 to C$34.
November 15, 2023 | 6:35 pm
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NEUTRAL IMPACT
RBC Capital has maintained an Outperform rating on CAE, indicating a positive outlook, but has reduced the price target, suggesting a tempered expectation for the stock's future price.
The maintenance of an Outperform rating suggests that RBC Capital still sees CAE as a strong investment. However, the reduction in the price target could indicate a slower growth forecast or potential headwinds, which may lead to a neutral short-term impact on the stock price as the market digests this mixed signal.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100