RBC Capital Markets Says 'Surprised' by Negative Market RBC Capital Markets Says 'Surprised' by Negative Market Reaction to Bombardier's 'Strong Beat,' 2024 Guide 11:32 AM EST, 02/09/2024 (MT Newswires) -- RBC Capital Markets said it is surprised by the negative market reaction to Bombardier Inc.'s (BBD-A.TO, BBD-B.TO) "strong beat" and 2024 guide.
"We view the reaction as unwarranted and would be aggressive buyers of the stock on this weakness," the analysts said.
"Additionally, this week VistaJet released a market update and overview of its 2023 performance. We view the solid growth in fleet hours and subscriptions as a positive read-through for Bombardier, highlighting the market for private travel remains robust and demand for jet card/fractional travel continues," the analysts said.