CAE Inc. (CAE) PT Raised to $19 at Jefferies

Jefferies analyst Sheila Kahyaoglu raised the price target on CAE Inc. (NYSE: CAE) to $19.00 (from $18.00) while maintaining a Hold rating.

The analyst comments "Our Training Tracker uses foot traffic at CAE's US training centers as a proxy for simulator utilization. Our data covers 9 Civil facilities of a network w/ ~70 locations, covering an estimated 33% of the 343 full-flight sims. September traffic is up 1% y-o-y on a T3M basis for Civil sites, implying utilization of ~69% in FQ2:25 (0.69 historical correlation), in-line to our est & down 3pts y-o-y. Each 2pts of utilization = C$0.05 to FY EPS."

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