RBC Capital Maintains Outperform, $33 Target on CAE After Q2 Results
CAE posted stronger than expected FQ2 results, albeit versus lowered expectations coming into the quarter. Management also reiterated F23 operating income guidance, which was favourably received, in RBC's view.
RBC Capital views strong trends in Civil favourably. Defense on the other hand continues to be affected by supply chain issues, which analyst Walter Spracklin expects to persist in the near-term, and to potentially weigh on sentiment. Spracklin also continue to see execution risk in Defense looking forward.
Reaffirm Outperform on relative returns, with a $33 target.
Didn't I hear someone on CNBC today talking about the airlines are all backed up on simulator training?
This is the kind of news you only get from VZ...
long before Cramer and Stoney's SA and Yahoo Finance. CAE shares jump as quarterly results beat expectations on flight simulator demand