Canada's CAE hits three-year high after CIBC upgrades to 'outperformer'

Cae

27/06/2025 16:38

** Shares of Canadian aviation and defense technology firm CAE CAE.TO  rise 5% at C$38 ,hitting a three-year high

** CIBC Capital Markets upgrades rating to 'outperformer' from 'neutral', price target lifted to C$44 from C$38, an upside of 20.4% from the stock's last close

** Brokerage expects strong earnings growth potential, with co to deliver a notable increase in diluted EPS by FY 2028 compared to FY 2025

     ** Notes co's newly appointed CEO Matthew Bromberg and Calin Rovinescu the new executive chairman, can help improve co's strategy and boost returns as spending slows and performance improves

** Eight of 13 brokerages rate the stock "buy", five "hold" ; their median PT is C$40- data compiled by LSEG

** Including session moves, shares are up 5.1% YTD

 (Reporting by Apratim Sarkar)

 ((Apratim.Sarkar@thomsonreuters.com))