Bombardier, Inc. (TSE:BBD.B) was upgraded by analysts at J P Morgan Chase & Co from a “neutral” rating to an “outperform” rating in a research note issued on Tuesday.
BBD.B has been the topic of a number of other reports. TD Securities raised their price target on shares of Bombardier from C$2.89 to C$3.21 and gave the stock a “hold” rating in a research report on Wednesday, October 25th. BMO Capital Markets reiterated an “outperform” rating and issued a C$3.30 price objective on shares of Bombardier in a research report on Thursday, October 12th. Raymond James Financial, Inc. reiterated an “outperform” rating and issued a C$3.25 price objective on shares of Bombardier in a research report on Tuesday, October 17th. CIBC lifted their price objective on shares of Bombardier from C$3.00 to C$3.25 in a research report on Friday, October 20th. Finally, National Bank Financial lifted their price objective on shares of Bombardier from C$3.00 to C$3.50 and gave the company an “outperform” rating in a research report on Wednesday, October 18th. Three investment 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 price target of C$3.01.
Bombardier (BBD.B) traded up C$0.04 during trading on Tuesday, hitting C$3.11. 3,360,000 shares of the stock were exchanged, compared to its average volume of 9,020,000. Bombardier has a one year low of C$1.83 and a one year high of C$3.24.
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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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