Scotiabank keeps Outperform on Cemex and CAE with $13.80 and $49 targets
Scotiabank kept Sector Outperform ratings on Cemex, target $13.80, and CAE, target $49, citing cost savings and the Flightscape asset sale.
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what happened
Scotiabank kept its Sector Outperform rating on Cemex and set a price target of $13.80, according to TradingView, which cites Benzinga data. The analyst pointed to $380 million of savings from the Cutting Edge program, which improved the company's conversion ratio, and to exposure to the United States and Europe, where a significant share of EBITDA is generated.
The same bank maintained its Sector Outperform rating on CAE with a $49.00 target. That target implies 33.9% upside from the Oct 26 close of $36.60. The sale of Flightscape for an enterprise value of US$500 million beat expectations, according to the note, and should reduce net debt. CAE plans to use the proceeds for growth, deleveraging and shareholder returns.
why it matters
This is a routine analyst update, but it shows how the bank views recent results and asset sales at two companies. For Cemex the focus is on cost savings and exposure to key markets; for CAE, on the Flightscape sale and lower debt.
tags
instruments
sources
- Scotiabank maintains Sector Outperform rating on Cemex, $13.80 price target — TradingView, 27 October 2026 at 14:55 UTC
- Scotiabank maintains Sector Outperform rating on CAE, $49 price target — TradingView, 27 October 2026 at 14:51 UTC
- Scotiabank maintains Sector Perform rating on Kinder Morgan, $34 price target — TradingView, 27 October 2026 at 15:08 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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