03:39 PM EDT, 05/29/2024 (MT Newswires) -- CAE reported Q4/F24 in line with the preliminary results released on May 22, notes BMO.

While Defense segment performance continues to disappoint and proof of improved execution is likely required for a sustained improvement in valuation, the outlook for the Civil segment, which is expected to generate 84% of projected EBIT over the next two years, remains favorable, notes analyst Fadi Chamoun.

Maintain Outperform, $34 target, which BMO says is largely supported by the positive outlook for Civil and a modest/gradual recovery in Defense.

Price: 25.46, Change: +0.14, Percent Change: +0.55