Ben Cherniavsky, Raymond James analyst, said he expects the military uncertainty to weigh on CAE Inc (CAE.TO) for the next six to 12 months, the Financial Post reported. He said he was also concerned about the potential impact of the economy on the commerical segment, which he noted has been performing well to-date, it added.
"If recent economic woes accelerate then airline capacity cuts and/or order deferrals could be in the offing [again] this fall, which would be detrimental to CAE," he reportedly said.
He kept his Market Perform rating, but lowered his target to $12 a share, from $13.50 previously, the Financial Post said.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
