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RBC Capital Cuts CAE Price Target to $36.00

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RBC Capital Markets cut its price target on the shares of CAE (CAE.TO) by $6.00 to $36.00 and maintained its sector perform rating after the company provided long-term targets that missed investor expectations.

While analyst James McGarragle is constructive on CAE's long-term opportunity and views the FY30 targets as achievable, he notes that FY27 will be a transition year, and visibility into the pace of execution is also limited.

"Without a clearer read on how execution tracks in FY27, we struggle to identify what drives the stock in the near term," he adds.

Price: $33.25, Change: $-0.20, Percent Change: -0.60%

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