The Globe and Mail reports in its Tuesday, Jan. 23, edition that Scotia Capital analyst Konark Gupta has an unchanged "sector outperform" recommendation on Bombardier. The Globe's David Leeder writes in the Eye On Equities column that Mr. Gupta gave his share target a $5 boost to $90. Analysts on average target the shares at $78. Mr. Gupta says in a note: "Bombardier is one of our top picks this year. We believe the stock's significant discount to history and peers is reflecting investors' key concerns about the bizjet cycle, the company's potentially looming product reinvestment cycle, and the return of material FCF seasonality quarter over quarter. In addition, we think some traditional investors remain on the sidelines due to Bombardier's rocky past when the company had a more stretched balance sheet while struggling with underperforming assets like C-Series and train division (sold over the years heading into the pandemic). We understand the cycle concern, however, the bizjet industry is not as sensitive to macro as commercial aviation, while Bombardier is no longer in the relatively more macro-sensitive segment (smaller bizjets). Further, OEMs have built a solid backlog over the past three years."