13:21:23 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



Bombardier Inc (2)
Symbol BBD
Shares Issued 87,301,073
Close 2024-04-16 C$ 57.56
Market Cap C$ 5,025,049,762
Recent Sedar Documents

Globe says Bombardier on Doerksen's "top ideas" list

2024-04-17 07:48 ET - In the News

The Globe and Mail reports in its Wednesday, April 17, edition that National Bank Financial analyst Cameron Doerksen thinks the outlook for the aerospace industry "remains positive," which he expects will lead to a period of multiyear growth for Bombardier. The Globe's David Leeder writes in the Eye On Equities column that Mr. Doerksen calls Bombardier one of his "top ideas." Mr. Doerksen continues to rate Bombardier "outperform." He boosted his share target by a loonie to $95. Analysts on average target the Class B shares at $76. Mr. Doerksen says in a note: "We maintain our 'outperform' rating on Bombardier shares ahead of Q1 results scheduled for release on April 25. Stable trends in the broader business jet market and Bombardier's solid backlog that provides for good visibility through 2025 give us confidence the company can achieve or at least come close to its financial targets for 2025. Bombardier will hold an investor day on May 1 at which we expect the company to provide an update on its financial targets including possibly providing some thoughts around the post-2025 period. We also expect some additional thoughts around capital allocation post-2025 as target leverage is achieved."

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