Bombardier Inc. T.BBD.A

Alternate Symbol(s): BDRPF | T.BBD.PR.B | BDRXF | T.BBD.PR.C | T.BBD.PR.D | BOMBF | BDRAF | T.BBD.B | BDRBF

Industrials Aerospace & Defense

Bombardier Inc. is a Canada-based manufacturer of business aircraft with a global network of service centers. The Company is focused on designing, manufacturing and servicing business jets. The Company has a worldwide fleet of more than 5,000 aircraft in service with a variety of multinational corporations, charter and fractional ownership providers, governments and private individuals. It operates aerostructure, assembly and completion facilities in Canada, the United States and Mexico. Its robust customer support network services the Learjet, Challenger and Global families of aircraft, and includes facilities in strategic locations in the United States and Canada, as well as in the United Kingdom, Germany, France, Switzerland, Austria, the United Arab Emirates, Singapore, China and Australia. The Company's jets include Challenger 350, Challenger 3500, Challenger 650, Global 5500, Global 6500, Global 7500 and Global 8000.

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Bombardier Inc. > Analyst Actions: Bombardier Upgraded to Speculative Buy

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Post by Mauserintime945on Mar 08, 2021 12:33pm

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Post# 32743792

Analyst Actions: Bombardier Upgraded to Speculative Buy

Analyst Actions: Bombardier Upgraded to Speculative Buy at TD Securities

12:20 PM EST, 03/08/2021 (MT Newswires) -- Bombardier Inc. (BBD-B.TO) was upgraded to Speculative Buy from Hold at TD Securities on Monday.
Analyst Tim James raised his price target on the stock to $1.15 from $0.65.
"Our higher target price is driven by the increase in our 2023 forecast EBITDA (valuation period), which is due to plans articulated at the investor day, including $400 million in cost savings and expected learning-curve benefits related to the Global 7500 business jet program," James said in a note to clients.
"We realize that Bombardier's financial history and delivery of anticipated results has been disappointing," the analyst said. "However, we believe that it is important to consider that most of these historical surprises occurred in businesses that have since been divested, and that there is new leadership at Bombardier today."
(MT Newswires covers equity, commodity and economic research from major banks and resear ch firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)
Price: 0.72, Change: +0.02, Percent Change: +2.14