1414 ET - CIBC thinks CAE can drive outsized EPS growth and valuation upside over the next three years. Analyst Kevin Chiang argues that "aerospace and defense companies that have resilient revenue models and strong market positioning can trade up into the mid-teens, and maybe higher." Chiang thinks CAE is capable of generating EPS of $2.18 in F2028. This compares to CAE's F2025 adjusted EPS of $1.21. CIBC upgrades CAE to outperformer from neutral with a new target price of C$44 from C$38. (adriano.marchese@wsj.com)
(END) Dow Jones Newswires
June 27, 2025 14:14 ET (18:14 GMT)
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