The Globe and Mail reports in its Friday, April 5, edition that RBC Dominion Securities analyst James McGarragle assumed coverage on Bombardier with an "outperform" recommendation. The Globe's David Leeder writes in the Eye On Equities column that Mr. McGarragle set a Street-high share target of $95. Analysts on average target the shares at $75.53. Mr. McGarragle says in a note: "We see Bombardier as benefitting from several key drivers in both the near-term and the long-term, including existing and new areas of revenue growth, margin improvement through continued production ramp and improved mix, as well as lower debt levels from higher sustainable FCF. We expect these drivers to result in a re-rate higher in the shares. Longer-term, we see defense, services and certified preowned (CPO) as GDP-plus drivers of growth out to 2030. We assume primary coverage of Bombardier and continue to see a significant investment opportunity in the shares. Bombardier has changed but sentiment on the stock has not; why we believe the shares should rerate higher. We believe shares are primed for a rerating given solid execution, debt reduction, and FCF growth, all of which we expect to erase the historical valuation overhang over time."