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Bombardier Inc. T.BBD.A

Alternate Symbol(s):  T.BBD.B | T.BBD.PR.B | T.BBD.PR.C | BOMBF | T.BBD.PR.D | BDRPF | BDRXF | BDRAF | BDRBF

Industrials Aerospace & Defense
Bombardier Inc. is a Canada-based manufacturer of business aircraft with a global network of service centers. The Company is focused on designing, manufacturing and servicing business jets. The Company has a worldwide fleet of more than 5,000 aircraft in service with a variety of multinational corporations, charter and fractional ownership providers, governments and private individuals. It operates aerostructure, assembly and completion facilities in Canada, the United States and Mexico. Its robust customer support network services the Learjet, Challenger and Global families of aircraft, and includes facilities in strategic locations in the United States and Canada, as well as in the United Kingdom, Germany, France, Switzerland, Austria, the United Arab Emirates, Singapore, China and Australia. The Company's jets include Challenger 350, Challenger 3500, Challenger 650, Global 5500, Global 6500, Global 7500 and Global 8000.


TSX:BBD.A - Post by User

Bombardier Inc. > Bombardier Price Target Lowered to $95 at RBC
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Post by Thebomber2023on Feb 09, 2024 8:02am
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Post# 35871852

Bombardier Price Target Lowered to $95 at RBC

Bombardier Price Target Lowered to $95 at RBC
Bombardier Price Target Lowered to $95 at RBC

07:47 AM EST, 02/09/2024 (MT Newswires) -- RBC Capital Markets lowered its price target on Bombardier Inc. (BBD-B.TO) to $95 from $98.

Analyst Walter Spracklin maintained an Outperform rating on shares of the Canadian business jet manufacturer following its quarterly results.

Bombardier shares declined 15% on Thursday.

"We are very surprised by the negative market reaction to the strong Q4 beat and 2024 guide," Spracklin said in a note to clients.

"Very likely the market is focused on the weaker 2024 free cash flow guide versus consensus and the interpretation that this leads to a lower systemic level of cash flow post 2024 (and the view that 2025 guide of less than $900 Million is at risk)," the analyst said.

"...We view the reaction as unwarranted and would be aggressive buyers of the stock on this weakness," Spracklin said

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