No issues...GLTAL 12:56 PM EDT, 05/29/2023 (MT Newswires) -- Bombardier continues to execute well against several initiatives that BMO Capital expects will support improvement in profitability and free cash flow independent from what path the economic cycle takes over the coming year or two.
"To be clear, we don't believe the business jet cycle is overheated by any measure and management has noted that business jet sales pipeline has remained very healthy and supportive of 1x B2B in 2023 notwithstanding the more muted macro backdrop," analyst Fadi Chamoun writes.
Bombardier is rated Outperform with an $85 target price.