The Globe and Mail reports in its Friday, May 3, edition that CIBC World Markets analyst Kevin Chiang has elevated his recommendation for Bombardier to "outperformer" from "neutral." The Globe's David Leeder writes in the Eye On Equities column that Mr. Chiang's share target soared $24 to $91. Analysts on average target the shares at $81.27. The Globe says Mr. Chiang came away from Bombardier's Investor Day event in Toronto on Wednesday "pleased" with company's progress on both near- and long-term financial objectives. Mr. Chiang says in a note: "Bombardier reaffirmed its 2025 targets, noting that it is well on track to meet its objectives, and provided additional details on how it plans to achieve them. This should provide investors with confidence that the $900-million (U.S.) FCF target is achievable—consensus ($854-million (U.S.)) is currently below this threshold. Bombardier also introduced new long-term 2030 growth target, but most importantly, (1) they can all be achieved organically with internal resources and limited capex (see more below); and (2) are incremental and do not count on any increase in deliveries as management indicated that the 150 aircraft/year will be the new cruising altitude."