02:12 PM EDT, 05/22/2024 (MT Newswires) -- National Bank has revised its CAE forecast following the Defense re-set and preliminary Q4 results and outlook

Analyst Cameron Doerksen is maintaining am Outperform rating on CAE and has trimmed his target to $31 from $32. "Our positive thesis on CAE has mainly been a function of our view that the company will enjoy a multi-year period of growth in its Civil segment supported by growth in pilot training demand and increased aircraft deliveries that will drive higher simulator sales."

Doerksen's view is that Civil will see solid growth in F2025 underpinned by a record segment backlog. "While we have been disappointed by the Defense segment performance, based on our updated F2025 estimates, the Civil segment will make up 83% of total company EBIT."

Price: 25.25, Change: -1.81, Percent Change: -6.69