02:28 PM EDT, 07/29/2024 (MT Newswires) -- National Bank has lowered its target on CAE to by $2, to $29, but kept its Outperform rating, ahead of fiscal Q1/25 results scheduled to be released after market on August 13.

National's "fundamentally positive" view on CAE longer term is unchanged, writes analyst Cameron Doerksen. He believes the company will enjoy a multi-year period of growth in its Civil segment. Despite Defense's recent struggles, he believes investors will ultimately ascribe more value to the business once CAE demonstrates some positive margin trends in the segment. However, some near-term headwinds in the Civil segment could slow growth and potentially temper investor enthusiasm in the short term, Doerksen adds.

Price: 24.79, Change: +0.35, Percent Change: +1.43