The Globe and Mail reports in its Wednesday, Jan. 10, edition that National Bank analyst Cameron Doerksen has reaffirmed Bombardier as one of his top picks for the year, expecting it to "continue to execute on margin expansion and free cash flow growth." The Globe's David Leeder writes that Mr. Doerksen has reaffirmed his "outperform" recommendation for Bombardier. Mr. Doerksen boosted his share target to $94 from $93. Analysts on average target the shares at $77.93. Mr. Doerksen says in a note: "Based on data sources we track, we estimate that Bombardier delivered 54 planes in Q4/23. While our data has generally proven to be fairly accurate, it is often the case that our estimates are off by a handful of planes. As such, we think Bombardier at least came close to and may have even met its target to hit 138 deliveries for the full year in 2023. With a backlog that sat at $14.7-billion at the end of Q3/23, we believe the company has visibility to increase deliveries to its target of 150 in 2025." Mr. Doerksen predicts further margin expansion ahead, calling its progression toward a 2025 earnings before interest, taxes, depreciation and amortization target of 18 per cent as a "key driver of the investment thesis."