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CAE Price Target Lowered to $44 at CIBC

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CIBC Capital Markets lowered its price target on CAE Inc. (CAE.TO) to $44 from $56.

Analyst Krista Friesen maintained an Outperformer rating on shares of the Canadian manufacturer of simulation technologies, modelling technologies and training services to airlines, aircraft manufacturers, and defence customers.

"There has been significant anticipation around the long-term targets from CAE's new management team, and with those now established, the focus has shifted to execution," Friesen said in a note to clients.

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