Canaccord Genuity Downgrades CAE to Hold, Lowers Price Target to C$30
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity has downgraded CAE from Buy to Hold and lowered its price target from C$34 to C$30.
May 22, 2024 | 11:42 am
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Canaccord Genuity has downgraded CAE from Buy to Hold and lowered its price target from C$34 to C$30.
The downgrade from Buy to Hold and the reduction in the price target from C$34 to C$30 by Canaccord Genuity is likely to negatively impact CAE's stock price in the short term as it reflects a less optimistic outlook from a reputable analyst.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100