BBD.B Upgraded Bombardier, Inc. (BBD.B) Upgraded to Sector Perform at Scotiabank
March 24th, 2016 - By Jennifer Langley
Scotiabank upgraded shares of Bombardier, Inc. (TSE:BBD.B) from an underperform rating to a sector perform rating in a research note published on Wednesday morning, MarketBeat reports. Scotiabank currently has C$1.75 price target on the stock, up from their previous price target of C$1.00.
A number of other equities research analysts also recently weighed in on BBD.B. Macquarie downgraded shares of Bombardier from a neutral rating to an underperform rating and lowered their price objective for the company from C$0.90 to C$0.75 in a research report on Thursday, February 18th. BMO Capital Markets lowered their price objective on shares of Bombardier from C$1.50 to C$1.30 and set a market perform rating for the company in a research report on Wednesday, November 25th. Societe Generale downgraded shares of Bombardier from a hold rating to a sell rating and lowered their price objective for the company from C$1.50 to C$0.80 in a research report on Thursday, February 18th. CSFB lowered their price objective on shares of Bombardier from C$1.65 to C$1.64 and set a neutral rating for the company in a research report on Wednesday, November 25th. Finally, Raymond James lowered their price objective on shares of Bombardier from C$1.75 to C$1.40 and set a market perform rating for the company in a research report on Wednesday, November 25th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have issued a buy rating to the stock. Bombardier currently has a consensus rating of Hold and an average price target of C$1.53.