04:10:23 EDT Fri 17 May 2024
Enter Symbol
or Name
USA
CA



Bombardier Inc (2)
Symbol BBD
Shares Issued 87,005,015
Close 2023-09-20 C$ 50.00
Market Cap C$ 4,350,250,750
Recent Sedar Documents

Globe says Desjardins maintains Bombardier at "buy"

2023-09-21 08:01 ET - In the News

The Globe and Mail reports in its Thursday, Sept. 21, edition that Desjardins Securities analyst Benoit Poirier continues to rate Bombardier "buy," with an unchanged share target of $99. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $80.92. The Globe says Mr. Poirier now sees an enticing investment proposition for Bombardier. Mr. Poirier says in a note: "With BBD shares down 20.1 per cent since the company reported 2Q results (vs the S&P/TSX at up 0.5 per cent), we have received several calls in relation to the turnaround story, bizjet market dynamics and an entry point that would be considered attractive. Ultimately, even when using bearish assumptions, our downside scenario is not far off from where the stock is trading currently, signalling that risk/reward characteristics for Bombardier are skewed favourably, creating a buying opportunity in our view. ... We assume Bombardier will book some chunky orders, slightly increase production and keep its book-to-bill more than one times through 2024. For Bombardier to achieve this in 2023, it must book a minimum of 100 orders in 2H, which would likely have to include a large fleet operator order."

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