Bombardier: $6.00 on the way...Rating boosts Bombardier shares
Thursday, July 17, 2003
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Bombardier Inc. shares ended higher yesterday after Standard & Poor's
removed the company's ratings from its credit watch list. In Toronto, the stock
added 39 cents to $5.41, its highest level since late January.
S&P analyst Kenton Freitag said that Bombardier has made progress "in its
various initiatives to restore its balance sheet and improve its financial
flexibility" over the past three months.
He also noted that concerns about the aerospace division have lessened, as
airline restructurings have included greater use of regional jets.
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