A second one in the 80's 08:49 AM EST, 11/07/2022 (MT Newswires) -- ATB Capital Markets raised its price target on Bombardier Inc. (BBD-B.TO) to $80 from $75.
Analyst Chris Murray maintained an Outperform rating on shares of the Canadian business jet manufacturer after it reported quarterly results.
"The company reported another solid quarter, highlighted by positive trends around margins, free cash flow generation, and book-to-bill trends, positioning the company to meet or exceed guidance," Murray said in a note to clients.
"Management was positive on its outlook for 2023 with more balanced market conditions, visibility around delivery volumes, and an expanded aftermarket network all boding well for the company's ability to meet its 2025 targets," the analyst said.
"With the balance sheet demonstrating improvement and end-market demand remaining constructive, we see an attractive opportunity in the shares at prevailing valuations."