Context: CIBC Wood Gundy maintains Neutral rating?Keep in mind that the broad group of analysts who follow Bombardier had the last 15 months really wrong. Imagine any analyst calling a buy on Bombardier shares around the same time the company is going trough a cash crunch? No Canadian bank owned firm would allow this rating and the best ratings were from the likes of RBC's Walter Spracklin with an "outperform" rating (a soft buy rating with a speculative notation.
Analyst ratings and especially share price targets for any company can be subjective. Fact is that Bombardier remains a speculative investment today (less of course than 15 months ago) and that some analyst will not make a call on Bombardier being "an investible company" until real tangible profits are shown, very likely in 2018 (re-affirmed this week).
Here's what is typical of these types of ratings: by the time the company is investable and showing a profit, the shares will have doubled in price or better. As I've stated several times, I'd rather take the risk now at $2 than to wait for the street to follow.
Investing is most often 85% psychology and 15% math and it is the ability to recongnize what's real and what's not, that makes the difference between sucessful investing and not. This company has great quality and innovative products, some of the best aerospace engineers and a broad pool of competent workers. Management was previously too proud to move aside and it's too bad it took so long for this important change to happen.