Raymond James Financial, Inc. Upgrades Bombardier, Inc. (BBD.B) to Outperform

Raymond James Financial, Inc. upgraded shares of Bombardier, Inc. (TSE:BBD.B) from a market perform rating to an outperform rating in a report published on Monday, July 31st. They currently have C$3.25 target price on the stock, up from their previous target price of C$2.50.

Other equities analysts have also issued research reports about the company. Royal Bank Of Canada restated an outperform rating and issued a C$3.00 target price on shares of Bombardier in a research note on Thursday, June 22nd. BMO Capital Markets restated an outperform rating and issued a C$2.75 target price on shares of Bombardier in a research note on Thursday, July 13th. National Bank Financial raised their target price on Bombardier from C$2.90 to C$3.00 and gave the stock an outperform rating in a research note on Monday, July 31st. Goldman Sachs Group, Inc. (The) upgraded Bombardier from a neutral rating to a buy rating in a research note on Tuesday, July 4th. Finally, TD Securities reiterated a hold rating and set a C$2.75 price objective on shares of Bombardier in a research note on Thursday, May 4th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Bombardier presently has a consensus rating of Buy and a consensus target price of C$2.79.

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About Bombardier

Bombardier Inc is a Canada-based manufacturer of both planes and trains. It operates through four segments: Business Aircraft, Commercial Aircraft, Aerostructures and Engineering Services, and Transportation. The Business Aircraft segment is engaged in the design, manufacture and aftermarket support for three families of business jets (Learjet, Challenger and Global).

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