Jefferies initiates CAE coverage with 'hold' rating

Cae

06/06/2024 18:19

** Brokerage Jefferies initiates coverage for aviation
simulation and training company CAE Inc  CAE.TO  at a PT of $21,
rating the stock "hold"
    ** PT for company is about 18% on the downside of stock's
last close
    ** Jefferies says CAE may be affected by near-term softening
in hiring and training of pilots due to continued delay of
aircraft delivery over the next few years
    ** Seven of 12 brokerages rate stock "buy" or higher, four
"hold" and one "sell" or lower; their median PT is $30.5
    ** Shares down 9.83% YTD 

 (Reporting by Aishwarya Jain in Bengaluru)
 ((Aishwarya.Jain@thomsonreuters.com;))