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Bullboard - Stock Discussion Forum 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

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... see more

TSX:BBD.A - Post Discussion

Bombardier Inc. > Higher TP
View:
Post by Steve759 on Jan 17, 2023 1:10pm

Higher TP

National Bank Lifts Price Target on Bombardier on Preliminary Q4 Results 'Much Better' Than Forecast
2023-01-17 01:05:10 PM ET (MT Newswires)
   
   

01:05 PM EST, 01/17/2023 (MT Newswires) -- National Bank on Tuesday raised the price target on Bombardier (BBD-B.TO, BBD-A.TO) to $67 from $65 after the company reported preliminary fourth-quarter results better than the recently updated forecast.

The company's shares rose 7.5% on last look on Tuesday.

National Bank maintained its outperform rating on the company as it raised the revenue outlook to $6.9 billion from the previously expected outlook of more than $6.5 billion for the full year of 2022.

"We are encouraged by the better than expected financial performance in Q4 and we maintain our positive view on the stock supported by good visibility on revenue and earnings growth, a still healthy business jet market, and an improving leverage profile," the analysts said.

Price: 61.20, Change: +4.29, Percent Change: +7.54

Comment by Truthifest on Jan 17, 2023 1:18pm
Small increase, but we'll take it, lol.  I suppose the truly big PT raises will wait for company 2023 guidance Feb 9th, and if they don't update the 2025 Plan then, then in March when they do.  
Comment by Form001 on Jan 17, 2023 1:22pm
Remember Tesla analysts was always under the trading price, it take 6 months to change the situation.
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