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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

Industrials Aerospace & Defense
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

Bombardier Inc. > SP
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Post by Steve759on Jan 10, 2024 10:20am
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Post# 35819191

SP

SP
Bombardier Price Target Raised to $104 at Desjardins
2024-01-10 10:09:43 AM ET (MT Newswires)
   
   

10:09 AM EST, 01/10/2024 (MT Newswires) -- Desjardins raised its price target on Bombardier Inc. (BBD-B.TO) to $104 from $103.

Analyst Benoit Poirier maintained a Buy rating on shares of the Canadian business jet manufacturer.

"Looking ahead to 2024, we expect BBD - our favourite A&D name - to be a significant beneficiary of a declining interest rate environment," Poirier said in a note to clients.

"We forecast leverage falling to 2.6x at end 2024 and 1.6x at end 2025, which should attract incremental investors," the analyst said.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

Price: 54.61, Change: -1.29, Percent Change: -2.31

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