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The CAE headquarters is seen Thursday, May 14, 2009 in Montreal.
The CAE headquarters is seen Thursday, May 14, 2009 in Montreal.
(Paul Chiasson/The Canadian Press)

Wednesday’s analyst upgrades and downgrades

Inside the Market’s roundup of some of today’s key analyst actions. This file will be updated during the trading day.

CAE’s shares are “priced for perfection” and investors should wait for a better entry point, Raymond James analyst Ben Cherniavsky said.

“Despite flat growth and a series of uneventful quarterly reports, CAE’s stock has risen 20 per cent over the past three months,” he wrote in a research note, comparing that to a 4 per cent rise in the S&P/TSX Composite Index.