Raymond James Financial, Inc. upgraded shares of Bombardier, Inc. (TSE:BBD.B) from a market perform rating to an outperform rating in a research note published on Monday, July 31st. They currently have C$3.25 price objective on the stock, up from their previous price objective of C$2.50.
A number of other research analysts have also recently commented on BBD.B. Goldman Sachs Group, Inc. (The) raised Bombardier from a neutral rating to a buy rating in a report on Friday, April 7th. National Bank Financial boosted their price target on Bombardier from C$2.75 to C$2.90 and gave the stock an outperform rating in a report on Friday, July 21st. BMO Capital Markets raised Bombardier from a market perform rating to an outperform rating and set a C$2.75 price target on the stock in a report on Monday, May 29th. TD Securities reaffirmed a hold rating and set a C$2.75 price objective on shares of Bombardier in a report on Thursday, May 4th. Finally, Royal Bank Of Canada reaffirmed an outperform rating and set a C$3.00 price objective on shares of Bombardier in a report on Thursday, June 15th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of Buy and an average target price of C$2.79.
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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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