Post by
Tempo1 on Nov 04, 2023 5:29am
CIBC: A Neutral rating
Note from Tempo1: This analysis is different than others. I didn't copy the details regarding the results, they are as positive than others analysts, but only the conclusion that is taken with a different approach. It put a target with the second part of the decade (2025-2028) finances in mind. Usually, the targets are for the 12-8 next months and I think that his approach is wrong and largely unusual.
Keeping Our Neutral Rating:
We acknowledge BBD is executing well and has line of sight to hitting its multi-year financial targets. That said, our Neutral rating reflects expectations that business jet deliveries will peak as we approach the middle of this decade. For BBD, as a pure-play business jet OEM, that is a sentiment headwind it will have to contend with. As well, we would expect the growth capex holiday BBD has benefited from as it has gone through its current restructuring will eventually come to an end. In our view, the potential reacceleration of capex in the back half of this decade also caps the valuation upside for BBD.
Comment by
Form001 on Nov 04, 2023 7:31am
C est n importe quoi, un analyste regarde toujours les 2 prochaines annees.
Comment by
Tempo1 on Nov 04, 2023 9:56am
Sorry, I skip the target. He maintain his 60$ target he put 10 days ago ( from 69$)
Comment by
stock4life48 on Nov 04, 2023 10:21am
CIBC has always been negative with low PT, not surprised by what I read. I disagree with his analysis
Comment by
Noredneck on Nov 04, 2023 1:43pm
CIBC...LOL.... When the SP will reach $62, he will move his forecast to $70 and so on... even my 12 y.o kid can do that... what a joke....
Comment by
Noredneck on Nov 04, 2023 2:07pm
CIBC...LOL.... When the SP will reach $62, he will move his forecast to $70 and so on... even my 12 y.o kid can do that... what a joke....
Comment by
Tictac99 on Nov 06, 2023 8:48am
I am totaly agree with you the futur of bombardier look great. And you are also right about CIBC by saying get out of one.