Bombardier Too Cheap to Ignore Right NowDJ RBC: Bombardier Too Cheap to Ignore Right Now -- Market Talk 9:57 EDT - Selling off after last month's 4Q report, Bombardier (BBD.B.T) now has "a compelling near-term risk-to-reward scenario," says RBC as it upgrades the plane maker to outperform. "Much of the negative news has now been priced in and we see elevated liquidity risks abating." The investment bank also highlights "progress on the CSeries testing program and an improving sales environment heading into" the Farnborough airshow in July. RBC boosts its price target 25% to C$5; it's up 2.1% at C$3.86 in cutting the year's drop to 16%. (kevin.kingsbury@wsj.com)
(END) Dow Jones Newswires
March 13, 2014 09:57 ET (13:57 GMT)