RE:RE:RE:CIBC: 2024 OutlookThe problem with the CIBC target is the way they analyse the future performance. They have the same forecasts and hypothesis for the years 2024 and 2015 than the consensus ( EBITDA of 1634 M$ and FCF over 900 M$ for 2025).
Very positive numbers.
But they think that beyond 2025, the Biz jet market could become weaker and that Bombardier will have to invest huge amounts for ramping up theirs models. They are taking into account fears relating to 2026 and beyond to depreciate the target.
Not fair given the uncertainties for a so long time frame.