The Globe and Mail reports in its Tuesday, Jan. 20, edition that TD Cowen analyst Tim James has reaffirmed his "hold" recommendation for Bombardier. The Globe's David Leeder writes in the Eye On Equities column that Mr. James's share target soared $75 to $278. Analysts on average target the shares at $238.88. Mr. James says in a note: "Looking beyond 2026, we believe risk to end of decade earnings potential has decreased, but upside hasn't changed dramatically. ... We view Bombardier's financial progress since 2020 as incredible and worthy of significant multiple expansion. ... ... Not contemplated in our thesis: 1 Material equity market correction. 2 Significantly negative USMCA revisions with regard to civil and/or A&D trade. Potential catalysts we think are unlikely: 1 Earnings disappointments moving through 2026. 2 Loss of high profile defence orders. ... We see several potential catalysts that could cause a pullback in Bombardier's multiple. However, we aren't in a position to factor two of them into our investment recommendation, and the other two are unlikely, in our view."