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Analyst Actions: RBC Capital Keeps Sector Perform, $33 TP on CAE

· 02/05/2021 09:52

02:46 PM EST, 02/05/2021 (MT Newswires) -- RBC Capital has kept its Sector Perform and $33 TP on CAE, saying it expects "moderate sequential improvement" in FQ3 as CAE 'grinds through' soft civil end-market conditions, taking meaningful actions (costs, acquisitions, diversification) to outperform their airline customers.

RBC also expects relative stability in Defence, and growth in Healthcare.

"CAE shares have recovered well over the past ~quarter (though a recent pullback), and now trade close to near-term fair value, in our view."

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

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