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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

Post by ITSUP2MEon Feb 25, 2022 10:17am
430 Views
Post# 34461266

Scotia upgrade

Scotia upgrade

10:10 AM EST, 02/25/2022 (MT Newswires) -- Bombardier Inc. (BBD-B.TO) was upgraded to Sector Outperform from Sector Perform at Scotiabank.

Analyst Konark Gupta raised his target price on shares of the Montreal-based business jet manufacturer to $2.35 from $2.00.

Gupta said the improved outlook is a result of increased confidence in Bombardier's ability to execute on most, or all, of management's 2025 gials.

The analyst said the stock's decline of approximately 33% since early October supports his upgrade.

"We have turned positive on Bombardier's common shares...," Gupta said in a note to clients. "Although the company's balance sheet remains stretched, the leverage ratio has been improving significantly and should reach a more reasonable 3.0x level in 2025, driven by ongoing EBITDA growth and FCF generation."

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