Bombardier Price Target Lowered to $127 at CIBCBombardier Price Target Lowered to $127 at CIBC 08:10 AM EST, 12/23/2024 (MT Newswires) -- CIBC Capital Markets lowered its price target on Bombardier Inc. (BBD-B.TO) to $127 from $132.
Analyst Kevin Chiang maintained an Outperformer rating on shares of the Canadian aircraft manufacturer.
"Aviation Week Intelligence Network (AWIN) released the November 2024 business jet deliveries and noted that BBD delivered 16 aircraft," Chiang said in a note to clients. "Quarter to date, BBD has delivered 22 planes."
"With this report, we have adjusted our BBD model to reflect the risk of Trump tariffs on Canadian exports," the analyst said.
"While our base case view is the aerospace sector will be exempt (so no impact on deliveries), we do see the risk of buyers delaying potential orders."