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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. > Scotiabank downgrade, no clue why "less conviction in 2025"
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Post by aviation234 on Nov 01, 2024 9:38am

Scotiabank downgrade, no clue why "less conviction in 2025"

Scotiabank downgraded Bombardier () to Sector Perform from Outperform with an unchanged  of C$120. When previewing Q3 earnings for the analyst’s covered A&D names, the firm notes it is expecting each of the three to meet or slightly beat consensus. However, it adds that it is focused on potential updates on guidance and/or the longer-term outlook. In the case of Bombardier, the firm says the company has been executing well, and it sees some upside risk to 2024 margin guidance, but it now has less conviction in 2025 guidance and is being “mindful” that the stock has more than doubled since February as it rolls forward valuation.
Comment by retiredcf on Nov 01, 2024 10:05am
Here are a few more details. Interesting that his target still exceeds Street consensus by $2.50. GLTA Scotia Capital analyst Konark Gupta is “taking profits” from Bombardier Inc. , downgrading his rating for its shares to “sector perform” from “sector outperform” ahead of the release of its third-quarter results on Nov. 7. “BBD has been executing well, and we see some upside risk to 2024 ...more  
Comment by Jacques4444 on Nov 01, 2024 10:28am
Q3 will be enought to bring the SP to 120$ and up to more then 125$ in december 24. BBD if compare to peers SP should already be at more then 125$, lets compare apple with apple. During 2025, a 8$ evaluation pre split will be conservatory and a more true evaluation will bring a huge catalysts and a new paradigm. BBD more then double this year because the SP was manipulate by the swing brokers ...more  
Comment by 1ProStar on Nov 01, 2024 6:06pm
Why (?). I like your post. People are pleased with this safe Canadian company based in the Province of Quebec.Following this statement it seems like a political and business decisions matters if a downgrade of the stocks happend it's because or perhaps others financials institutions know, speculate or are questionning if the shareholders have received any returns from tjheir large investiments ...more  
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