Financial Wire

CAE Price Target Cut to $42.00 at RBC

-- RBC Capital Markets analyst James McGarragle cut his price target on the shares of CAE (CAE.TO) to $42.00 from $46.00 while maintaining his sector-perform rating.

McGarragle's fourth-quarter EBITDA estimate has also been cut to $335 million from $348 million to reflect delivery headwinds from commercial OEMs and Middle East training disruptions in the civil segment.

"We now model FY26E Civil adj. operating income growth of -6.6% (cons. -6%) below guidance of mid-single digit decline." Target multiple has also been trimmed to 12x (from 12.5x) on continued headwinds in Civil, McGarragle added.

Price: $38.23, Change: $+0.23, Percent Change: +0.61%

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