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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

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.


TSX:BBD.A - Post by User

Comment by Shamhorishon Nov 12, 2021 7:51am
328 Views
Post# 34118511

RE:RE:Desjardin analyst Benoit Poirier sees Bombardier over 5.00

RE:RE:Desjardin analyst Benoit Poirier sees Bombardier over 5.00i found this on the Globe&Mail

read it all and see last Paragraph

2021-11-01 09:23 ET - In the News

The Globe and Mail reports in its Saturday, Oct. 30, edition that Desjardins Securities analyst Benoit Poirier raised his rating for Bombardier on Friday to "buy" from "hold." The Globe's David Leeder writes that Mr. Poirier also boosted his share target to $2.75, rising from $2.25. Analysts on average target the Class B shares at $2.17. Mr. Poirier believes the risk/reward profile for Bombardier is increasingly "attractive." Mr. Poirier says in a note: "We have been impressed by management's execution of its turnaround plan since the beginning of the pandemic. The business jet sector is supported by strong tailwinds and we applaud management's disciplined approach with respect to production rates, which should enable the company to successfully deliver on its margin expansion initiatives. We applaud management's strategy, especially in the context of global supply chain issues (not a major challenge at Bombardier for now). We are also encouraged that aftermarket services were back to 2019 levels in 3Q for the first time since the beginning of the pandemic. ... Longer-term, we believe the stock could be worth $5.25-plus using a 10-times EV/ EBITDA multiple if management delivers on its 2025 objectives."

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