04:32:49 EDT Fri 17 May 2024
Enter Symbol
or Name
USA
CA



Bombardier Inc (2)
Symbol BBD
Shares Issued 86,737,000
Close 2023-07-19 C$ 59.78
Market Cap C$ 5,185,137,860
Recent Sedar Documents

Globe says Bombardier a "top pick" for RBC's Spracklin

2023-07-20 08:16 ET - In the News

The Globe and Mail reports in its Thursday, July 20, edition that RBC Dominion Securities analyst Walter Spracklin is keeping his "outperform" call on Bombardier intact. The Globe's David Leeder writes in the Eye On Equities column that Mr. Spracklin maintains a Street-high share target of $103. Analysts on average target the Class B shares at $79.54. The RBC stockpicker says Bombardier is his "top pick" in the sector. He says the shares are trading at a "40-per-cent discount to peers." Mr. Spracklin says in a note: "[Our] rating reflects our view that the company presently screens as an attractive deep-value opportunity with the transition to a pure-play biz jet company now complete. While risks remain with the execution of strategic objectives, we see the existing business as less complex and the cost structure as more streamlined, which should eventually support a return to FCF breakeven on a sustainable basis. With Bombardier now finishing a multi-year period of high investment spend to develop and position its product and service portfolio, 2023 should be an important transition year. ... We believe Bombardier has sufficient liquidity to absorb smaller issues that may still arise."

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