RBC Capital lifts CAE stock price target to Cdn$38 By Investing.com
On Wednesday, RBC Capital Markets adjusted its financial outlook for CAE Inc . (NYSE::CN) (NYSE: CAE), a manufacturer of simulation technologies and training services for aviation and defense.
The firm raised its price target on the company’s shares to Cdn$38.00, up from the previous Cdn$34.00, while maintaining an Outperform rating. According to InvestingPro data, CAE’s stock has shown strong momentum with a 25% gain over the past six months, currently trading at $24.01.
The revision comes as RBC Capital’s analyst noted a decrease in the estimated Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) for the third fiscal quarter to Cdn$276 million, down from Cdn$290 million.
This aligns with the consensus estimate…
