|CAE Inc - CAE.t (formerly Canadian Aviation Electronics) is a Canadian manufacturer of simulation technologies, modelling technologies and training services to airlines, aircraft manufacturers, defense customers, mining companies and healthcare specialists.|
The Globe and Mail reports in its Wednesday, April 4, edition that BMO Nesbitt Burns analyst Fadi Chamoun says demand drivers appear favourable for both CAE's ($24.59) civil aviation and defence segments. The Globe's David Leeder writes in the Eye On Equities column that Mr. Chamoun notes that CAE's backlog sits at record levels. Mr. Chamoun continues to rate the shares "outperform." He elevated his share target to $26 from $24. Analysts on average target the shares at $24.66. Mr. Chamoun says in a note: "Business aviation market is improving. CAE's training assets supporting the business aviation market have the capacity to deliver growth at very low incremental costs, in our view, and there are more signs of strengthening demand in the business aviation market.