-- Stifel Canada completed a survey of 26 buy-side investors ahead of CAE (CAE.TO, CAE) releasing its new longer-term transformation-plan targets in May, alongside fiscal fourth-quarter results.
"Since Matt Bromberg took the helm in August 2025, the company has been teasing out a broad framework for its turn-around plans, but has yet to provide hard targets for growth, margin improvement, ROIC, and FCF," notes analyst Daryl Young, who is maintaining a buy rating and C$50.00 price target on the stock.
Stifel's clear takeaway is that investors are "laser focused" on CAE harvesting FCF, with less focus on growth. Young believes capex curtailments alone will likely be sufficient to achieve the low-end of FCF expectations post transformation. He adds that 40% of survey responses indicated expectations for $2.00-$2.50 of FCF/sh post transformation in F2029 (~6% FCF yield to current share price).
Price: $35.91, Change: $-0.91, Percent Change: -2.47%