Bombardier Maintained at Outperform at BMO Ahead of First-QBombardier Maintained at Outperform at BMO Ahead of First-Quarter Results; Price Target Kept at C$85.00 11:30 AM EDT, 04/10/2024 (MT Newswires) -- BMO Capital Markets on Wednesday reiterated its outperform rating on the shares of Bombardier (BBD-B.TO) and its C$85.00 price target ahead of first-quarter results from the aircraft manufacturer.
"BBD is expected to report Q1/24 results on April 25 and host an Investor Day at its new facility at Pearson airport in Toronto on May 1. While we are not expecting new financial targets to be announced, we believe that results and event/discussions will likely reinforce the positive trajectory that the company is on with respect to continuing to improve profitability, financial leverage, and free cash flow going forward. We reaffirm our Outperform rating and $85 target price