RE:RE:Scotia upgradeLiving in Ontario where BBD hate runs deep, my cue to start trimming will be after I hear banter on the street to buy BBD shares or after that big mouth O'Leary finally caves on his completely wrong call that the shares are worth "zero" and announces he's buying.
bicente wrote: One by one all the analysts and portfolio managers will start raising their estimates and hopefully adding to their client's portfolios , obviously this will happen only when they are loaded up and ready to make a quick buck ... every day shows us another great way they make money with markets going up or going down ... we are just riders on the storm , keep the windows up ... GLTA
ITSUP2ME wrote:
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."