Government Should Bail Out Bombardier Stock All aerospace eyes are targeting one of Canada’s largest companies—multinational Bombardier Inc (TSE:BBD.B). Recent years have been quite tumultuous for the company, which employs some 74,000 people worldwide, and have somewhat undermined its reputation. Structural problems and production delays for its most ambitious project to date, the “C Series” airliner, have affected Bombardier stock’s performance. After all, aerospace companies generate revenue upon delivery of the aircraft—Bombardier must deliver before BBD.B stock benefits.
Bombardier stock took a “Stuka” bomber–like nosedive in January. Shares dropped to their worst result of the past 25 years, as the stock price touched CA$0.89. BBD.B stock has since managed to climb, though not without resistance, to around CA$1.05. Analysts, however, are somewhat optimistic. Goldman Sachs is “Neutral” on Bombardier, having revised its price target upward to $1.26 in a potential upside of 57.5% from BBD.B stock’s current price.
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