CAE continues its slide from Friday


CAE (CAE -0.8%) slips again today off Friday's downgrade by BMO Capital to Market Perform.

The firm says that combined FQ1 civil margins came in well below the high teens level it hopes to achieve in H214.

A large part of the margin disappointment is a function of some disruption from a leadership change in the business combined with a slower than expected ramp up of new simulators and training centers launched over the last 6 months and a high number of simulators that are in a state of flux.

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