22:43:12 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



Bombardier Inc (2)
Symbol BBD
Shares Issued 87,301,073
Close 2024-04-12 C$ 58.60
Market Cap C$ 5,115,842,878
Recent Sedar Documents

Globe says no "major surprises" expected at Bombardier

2024-04-12 07:47 ET - In the News

The Globe and Mail reports in its Friday, April 12, edition that CIBC analyst Kevin Chiang raised his share target for Bombardier to $61 from $60. The Globe's David Leeder writes that Mr. Chiang continues to rate Bombardier "neutral." Analysts on average target the Class B shares at $75.47. Mr. Chiang says in a note: "We expect Bombardier to hold its 2024 guidance and reiterate that revenue visibility remains strong given the current backlog. With the free cash flow (FCF) cadence well understood for 2024 and Bombardier hosting an Investor Day on May 1, we don't expect any major surprises from the company." The Globe reported on June 16, 2022, that Mr. Chiang had reaffirmed his "neutral" call on Bombardier. It was then worth $26. The Globe reported on April 5, 2024, that RBC Dominion Securities analyst James McGarragle had assumed coverage on Bombardier with an "outperform" recommendation. The shares could then be had for $50.39. The Globe reported on April 11, 2024, that Scotia Capital analyst Konark Gupta continued to rate Bombardier "sector outperform." He warned, however, that the stock could trade sideways for a while. He recommended taking advantage of any weakness. Bombardier was then worth $59.58.

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