Bombardier Inc. T.BBD.A

Analyst Actions: Bombardier Upgraded to Speculative Buy

[Mauserintime945]

Analyst Actions: Bombardier Upgraded to Speculative Buy at TD Securities 12:20 PM EST, 03/08/2021 (MT Newswires) -- Bombardier Inc. (BBD-B.TO) was upgraded to Speculative Buy from Hold at TD Securities on Monday. Analyst Tim James raised his price target on the stock to $1.15 from $0.65. "Our higher target price is driven by the increase in our 2023 forecast EBITDA (valuation period), which is due to plans articulated at the investor day, including $400 million in cost savings and expected learning-curve benefits related to the Global 7500 business jet program," James said in a note to clients. "We realize that Bombardier's financial history and delivery of anticipated results has been disappointing," the analyst said. "However, we believe that it is important to consider that most of these historical surprises occurred in businesses that have since been divested, and that there is new leadership at Bombardier today." (MT Newswires covers equity, commodity and economic research from major banks and resear ch firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us) Price: 0.72, Change: +0.02, Percent Change: +2.14

[PabloLafortune]

Big upgrade from TD (my new favorite bank - thanks to a poster on here for recommending them) to $1.15. I really like the way they characterize it - "speculative buy" because that's exactly what it is.