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Earnings estimates rise following stellar CAE results
Posted on May 15, 2008
The impressive year end results from CAE Inc. Wednesday gave the company a boost, with several analysts increasing their earnings estimates for the world s largest manufacturer of full flight simulators afterwards. We continue to believe CAE is well positioned to take advantage of strong industry fundamentals and demand for pilot training services, said Chris Murray, CIBC World Markets analyst, in a note to clients. He raised his price target on the stock to $17.50 from $17. He also noted CAE tripled its quarterly dividend 3 share, and said it has the capacity to raise it to 5 a s...
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