The Globe and Mail reports in its Friday, June 23, edition that Desjardins Securities analyst Benoit Poirier has reaffirmed his "buy" recommendation and $100 share target for Bombardier. The Globe's David Leeder writes that Mr. Poirier says in a note: "We continue to believe that Bombardier's investor day leverage guidance of two to 2.5 times by 2025 is on the conservative side. We derive 1.6 times, which should drive an investment-grade rating. We still do not factor in any proceeds from the potential real estate divestitures currently being evaluated. ... We believe management is taking the necessary steps to deleverage the balance sheet and is well on track with its key strategic initiatives on margins and revenue expansion. We remain conservative with our valuation method and use an EV/EBITDA multiple of eight times to reflect the somewhat discretionary nature of the biz-jet sector in these uncertain times. Our multiple is below the peer average of 8.5 times, which is justified, in our view, given Bombardier's higher leverage, although our multiple could expand as deleveraging continues." The Globe reported on May 26 that Citi rated Bombardier "buy." The Class B shares were then worth $56.08.