05:21:33 EDT Fri 17 May 2024
Enter Symbol
or Name
USA
CA



Bombardier Inc (2)
Symbol BBD
Shares Issued 87,301,073
Close 2024-02-09 C$ 48.22
Market Cap C$ 4,209,657,740
Recent Sedar Documents

Globe says RBC recommends buying Bombardier on weakness

2024-02-09 08:11 ET - In the News

The Globe and Mail reports in its Friday, Feb. 9, edition that RBC Capital analyst Walter Spracklin continues to rank Bombardier "outperform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Spracklin gave his share target a $3 trim to $95. Analysts on average target the shares at $76. Mr. Spracklin says in a note: "We are very surprised by the negative market reaction to the strong Q4 beat and 2024 guide. Very likely the market is focused on the weaker 2024 FCF guide vs consensus and the interpretation that this leads to a lower systemic level of cash flow post 2024 (and the view that 2025 guide of more than $900-million is at risk). On our call back with management, walked us through the bridge to that $900-million guide, which we consider reasonable. Accordingly, we view the reaction as unwarranted and would be aggressive buyers of the stock on this weakness." The Globe reported on July 20 that Mr. Spracklin was keeping his "outperform" call on Bombardier intact. The shares could then be had for $59.78. The Globe reported on Jan. 23 that Scotia Capital analyst Konark Gupta had an unchanged "sector outperform" recommendation on Bombardier. The Class B shares could then be had for $49.

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