Nat Bank : ltimately drive a SP material increaseFrom Dow Jones news
1105 ET - National Bank of Canada's Cameron Doerksen says Bombardier's aircraft deliveries were lower than expected in 1Q at 20 versus his forecast for 24, but says that was largely due to a timing issue. "Management reiterated its target of 155 deliveries for the full year. Financial guidance is also unchanged at $8.4-$8.6 billion in revenue," Doerksen adds. The analyst believes that backlog is growing nicely and demand looks sturdy. "We see steady progress towards the company's 2025 financial targets underpinned by still healthy business jet end market conditions that we expect will ultimately drive a material increase in the share price."