Bombardier Inc. T.BBD.A

Bombardier Price Target Lowered to $95 at RBC

[Thebomber2023]

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

[johnney]

Last post, till next quarter results! We may see the same banks will be lowering their targets, do F****  Al iof Thise A$$h!!