The Globe and Mail reports in its Wednesday edition that National Bank analyst Cameron Doerksen sees a period of multiyear growth for CAE. The Globe's David Leeder writes that Mr. Doerksen calls CAE one of his "top ideas." Mr. Doerksen continues to rate CAE "outperform." He cut his share target by $2 to $32. Analysts on average target the shares at $33. Mr. Doerksen says in a note: "CAE will report its fiscal Q4 results (ended March) later in May. Our 'outperform' rating is primarily a function of what we see as a multiyear period of growth for the company's civil segment ahead, noting that even when/if defence segment margins return to 10 per cent, civil will still make up 75 per cent of overall company operating profits. Although we are confident that defence margins will ultimately show improvement, we acknowledge the stock may remain under pressure if CAE does not make progress on margins, which represents a key risk to our investment thesis. Earlier this month, CAE announced changes to its defence leadership including the departure of group president Dan Gelston. A search for a new defence head is underway and investors will likely want to see a new president with a background in operations and program execution."