The Globe and Mail reports in its Wednesday edition that National Bank Financial analyst Cameron Doerksen expects Canada's aerospace sector to "continue to show strength" in 2024. The Globe's David Leeder writes in the Eye On Equities column that Mr. Doerksen has reaffirmed his "outperform" recommendation for Bombardier, with an unchanged $94 share target. Analysts on average target the shares at $77.87. Mr. Doerksen says in a note: "We expect Bombardier will deliver higher profitability and free cash flow through 2025. ... Management has guided to 2023 free cash flow of $250-million. Looking ahead to 2024, we note that in addition to expected higher EBITDA, FCF will see tailwinds from no residual value guarantee cash payments ($125-million), lower capex and lower interest expense. We forecast 2024 free cash flow of $475-million. For 2025, we forecast FCF of $779-million, which will drive leverage down to a forecasted 2.1 times at the end of 2025 versus a forecasted 3.7 times at the end of 2023. If Bombardier can achieve its 2025 EBITDA target of $1.6-billion, based on a conservative 6.5 times EV/EBITDA multiple, we would derive a valuation of $103 per share or 93-per-cent upside from the current share price."