GreatThe Globe and Mail reports in its Wednesday, Dec. 15, edition that Desjardins Securities analyst Benoit Poirier, in reaction to share-price depreciation since the Nov. 11 release of CAE's second quarter 2022 financial results, upgraded his recommendation to "buy" from "hold." The Globe's David Leeder writes in the Eye On Equities column that Mr. Poirier continues to target the shares at $38. Analysts on average target the shares at $40.80. Mr. Markidis says in a note: "Since the results were released, Street estimates for FY23 and FY24 have declined. Consensus now expects a consolidated adjusted EBIT margin of 15.2 per cent in FY23 and 17 per cent in FY24, which is more in line with management's comments on the business. Additionally, consensus currently assumes that the defence segment's adjusted EBIT margin will return to double digits in FY24 (11.1 per cent) rather than FY23 as initially anticipated with 2Q results, which is more reasonable, in our view. ... Bottom line, we believe the uncertainty brought by the Omicron variant has created an attractive buying opportunity for long-term investors." Mr. Poirier thinks management placed CAE in a good position to rebound from the COVID-10 pandemic