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Fly News Breaks for August 30, 2017
CAE
Aug 30, 2017 | 07:18 EDT
As noted earlier, BMO Capital upgraded CAE to Outperform from Market Perform. Analyst Fadi Chamoun upgraded the stock based on valuation, saying that the company's fundamentals remain strong and that there is "no fundamental reason" for the stock's recent retreat. The analyst is upbeat on the company's purchase of a 50% share of an AirAsia joint venture and its recently signed joint venture with Singapore Airlines. Target $23.
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