Fly News Breaks for May 21, 2019
CAE
May 21, 2019 | 05:02 EDT
BMO Capital analyst Fadi Chamoun downgraded CAE to Market Perform from Outperform while raising his price target for the shares to C$36 from C$33. The recent rally in the shares, which has been driven in part due to takeover speculation, puts the stock in the "Market Perform zone based on fundamentals solely," Chamoun tells investors in a research note. The analyst, however, still likes CAE's long-term fundamentals and would consider an upgrade with a pullback in the stock.
News For CAE From the Last 2 Days