Bombardier Inc. T.BBD.A

SP

[Steve759]

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

[flyman12]

Let's be a little realistic. Given that the share price is at 55 dollars what sounds more likely? A target of 62 dollars or 104.

[Jacques4444]

The target its for 1 year from now. Its only around 6$ more, its less then 10%. 2024 will bring a lot more profits then 2023 (more planes, less debt interest, less cost(Pearsons), defense. .... It will get over 60$ before february and I hope it will keep moving up the days just before Q4 report, I expect it will reach 65$, then the report will bring big investors and the price can stabilize at