CIBC Capital Markets raised its price target on CAE Inc. (CAE.TO, CAE) to $37 from $33.
Analyst Kevin Chiang maintained a Neutral rating on shares of the Canadian flight training and simulation technology company.
"Browning West has taken a 4.3% economic interest in CAE and is looking to facilitate the company's search for a new CEO in order to unlock shareholder value," Chiang said in a note to clients.
"We believe Browning West will have strong support from current CAE shareholders," the analyst said.
"We have increased our target multiple by 1 point to 11.5x due to a potential activist campaign at CAE."
(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。