CAE Inc. (CAE) PT Raised to $30 at Jefferies

Jefferies analyst Sheila Kahyaoglu raised the price target on CAE Inc. (NYSE: CAE) to $30.00 (from $28.00) while maintaining a Hold rating.

The analyst comments "Our Training Tracker uses foot traffic at CAE's US training centers as a proxy for sim utilization. Our data covers 9 Civil facilities of a network w/ ~70 locations, or est 33% of the >350 FFS. April-June T3M traffic was -4% y-o-y for Civil sites, implying utilization of ~72% in FQ1:26 (0.71 historical correlation), below our est of 73% & down 5pts y-o-y. Data points to EPS of $0.18 (vs $0.19 est & cons $0.20) in FQ1, offset by +int'l utilization in our view."

You May Also Be Interested In

• Fiserv (FISV) PT Lowered to $60 at Freedom Broker
• Phillips 66, Marathon Merger Talks Collapsed - Semafor
• Stripe, Advent In Talks To Buy Paypal - WSJ