The Globe and Mail reports in its Thursday, Dec. 11, edition that RBC analyst James McGarragle named Bombardier the "top idea" for 2026 in his Canadian aerospace and diversified industrials coverage universe, seeing it as "still a compelling opportunity despite the 130-per-cent move in the shares year-to-date." The Globe's David Leeder writes in the Eye On Equities column that Mr. McGarragle continues to rate Bombardier "outperform." His share target soared $36 to $263. Analysts on average target the shares at $226. Mr. McGarragle says in a note: "Bombardier still yields 6 per cent on consensus 2026 FCF, which we believe represents compelling value. In the near-term, we see strong demand, as evidenced by a strong 1.3 times BTB, as positioning the company to achieve the high end of its FCF guide and as setting the stage for solid backlog visibility into 2028. In the medium to long-term we continue to see 1) increased defence spending as pointing to upside to production targets and 2) a mix shift toward challengers and globals as well as share gain as supporting mid-to-high single-digit services growth to 2030. All that to say, we see runway for Bombardier to compound FCF at greater than a low-teen CAGR well into the 2030s."
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