The Globe and Mail reports in its Friday, May 26, edition that Citi analyst Stephen Trent continues to rate Bombardier "buy." The Globe's David Leeder writes that Mr. Trent, however, gave his share target a $4 trim to $67. Analysts on average target the shares at $77.86. Mr. Trent says Bombardier "appears to be on a good track, with ongoing operational improvements, higher free cash flow and declining net financial leverage." Mr. Trent says in a note: "Forecast adjustments for Bombardier include the incorporation of (A) slightly higher, expected deliveries, (B) a more conservative sales mix, driving softer margins, (C) lower net interest expense and (D) 1Q'23 results into our model. ... Citi continues to favor Bombardier over Embraer, owing to the former's stronger FCF generation, higher margins and better governance. However, within Canadian aviation, we now switch our preference to Air Canada over Bombardier, as the former should benefit from the ongoing, strong momentum in commercial, long-haul traffic. Although a resurgence in international, long-haul traffic should not necessarily supplant large cabin business jet demand, the former appears to be in the earlier innings of its post-pandemic recovery."