CAE · CAE Inc.
AI read · Good for CAE
The AI's read
The stronger earnings result gives a concrete reason for RBC's higher target. RBC kept its Outperform rating, so this was a higher target rather than a new rating call.
RBC increased its target price for CAE to CA$53 after the company reported an 18% rise in earnings.
Good for CAE
CAE's adjusted earnings rose 18% year over year and beat forecasts, and RBC raised its target to CA$53 from CA$47. RBC kept its Outperform rating, so the higher target and earnings report support a favorable read.
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