Toronto Stocks Rise; CAE Stock Up on Rating Upgrade, Higher Price Target

Dow Jones

Jun 28, 2025

By Adriano Marchese

Toronto-listed stocks rose slightly mid-trading on Friday. Nearly all sectors were trending higher, led by commercial services, health tech and tech. Only materials stocks lost in the session.

Canada's gross domestic product, a measure of the economy, fell by 0.1% in April, dragged down by the sharpest drop in manufacturing activity since April 2021 as well as a decline in wholesale sales.

Canada's S&P/TSX Composite Index rose 0.2% to 26803.73 and the blue-chip S&P/TSX 60 advanced 0.3% to 1596.38.

Shares of CAE rose sharply, up 4.9% to 38.32 Canadian dollars after CIBC analysts upgraded the stock on the back of stronger potential to generate higher earnings per share by 2028. CIBC gave the CAE a rating of outperformer from neutral with a new target price of C$44 from C$38.

Other market movers:

Shares of Cineplex rose 3.7% to C$11.76 after long-time chief executive, Ellis Jacob, announced he is set to retire at the end of next year after more than two decades at the helm of the movie theater chain.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

June 27, 2025 12:16 ET (16:16 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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CIBC gave the CAE a rating of outperformer from neutral with a new target price of C$44 from C$38. \n</p>\n<pre>\n \n</pre>\n<p>\n  Other market movers: \n</p>\n<p>\n  Shares of Cineplex rose 3.7% to C$11.76 after long-time chief executive, Ellis Jacob, announced he is set to retire at the end of next year after more than two decades at the helm of the movie theater chain. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Adriano Marchese at adriano.marchese@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 27, 2025 12:16 ET (16:16 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Toronto Stocks Rise; CAE Stock Up on Rating Upgrade, Higher Price Target</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nToronto Stocks Rise; CAE Stock Up on Rating Upgrade, Higher Price Target\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-06-28 00:16</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Adriano Marchese \n</p>\n<pre>\n \n</pre>\n<p>\n  Toronto-listed stocks rose slightly mid-trading on Friday. 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Nearly all sectors were trending higher, led by commercial services, health tech and tech. Only materials stocks lost in the session.Canada's gross domestic product, a measure of the economy, fell by 0.1% in April, dragged down by the sharpest drop in manufacturing activity since April 2021 as well as a decline in wholesale sales.Canada's S&P/TSX Composite Index rose 0.2% to 26803.73 and the blue-chip S&P/TSX 60 advanced 0.3% to 1596.38.Shares of CAE rose sharply, up 4.9% to 38.32 Canadian dollars after CIBC analysts upgraded the stock on the back of stronger potential to generate higher earnings per share by 2028. CIBC gave the CAE a rating of outperformer from neutral with a new target price of C$44 from C$38.Shares of Cineplex rose 3.7% to C$11.76 after long-time chief executive, Ellis Jacob, announced he is set to retire at the end of next year after more than two decades at the helm of the movie theater chain.","collect":0,"end_time":0,"defaultTopTitle":"","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"CAE":"CAE Inc"},"translate_title":"多伦多股市上涨；CAE股票因评级上调和目标价上调而上涨","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CAE":1},"content_text":"By Adriano Marchese \n\n\n \n\n\n  Toronto-listed stocks rose slightly mid-trading on Friday. Nearly all sectors were trending higher, led by commercial services, health tech and tech. Only materials stocks lost in the session. \n\n\n   Canada's gross domestic product, a measure of the economy, fell by 0.1% in April, dragged down by the sharpest drop in manufacturing activity since April 2021 as well as a decline in wholesale sales. \n\n\n  Canada's S&P/TSX Composite Index rose 0.2% to 26803.73 and the blue-chip S&P/TSX 60 advanced 0.3% to 1596.38. \n\n\n  Shares of CAE rose sharply, up 4.9% to 38.32 Canadian dollars after CIBC analysts upgraded the stock on the back of stronger potential to generate higher earnings per share by 2028. CIBC gave the CAE a rating of outperformer from neutral with a new target price of C$44 from C$38. \n\n\n \n\n\n  Other market movers: \n\n\n  Shares of Cineplex rose 3.7% to C$11.76 after long-time chief executive, Ellis Jacob, announced he is set to retire at the end of next year after more than two decades at the helm of the movie theater chain. \n\n\n \n\n\n  Write to Adriano Marchese at adriano.marchese@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 27, 2025 12:16 ET (16:16 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}