Bombardier Inc (C:BBD)
Shares Issued 2,132,798,999
Last Close BBD.B 2/2/2022 $1.70
Wednesday February 2 2022 - In the News
The Globe and Mail reports in its Wednesday, Feb. 2, edition that Citi analyst Stephen Trent has reaffirmed his "buy" ranking and $2 share target for Bombardier. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the Class A shares at $2.32. The Globe says Mr. Trent believes Bombardier is "poised to regain altitude." He add that Bombardier is on a "positive trajectory" after years of restructuring. Mr. Trent says in a note: "As elevated oil prices potentially prompt business jet users to opt for more efficient aircraft, a dearth of commercial airline premium capacity could continue leading higher-end passenger flow toward business jets. Although the latter consumers might not buy their own jets, they could still end up on such flights via fractional ownership arrangements, air taxi services and the like. ... On the back of successive, significant corporate reshufflings and production adjustments, the company's business model is more simplified. Although aerospace EBITDA generation is still recovering and the debt load remains high, the company's efforts to boost its operational metrics and derisk the balance sheet are trending stronger than we had anticipated."