Bombardier, Inc. (BBD.B) Given “Outperform” Rating at Scotiabank
Bombardier, Inc. (TSE:BBD.B)‘s stock had its “outperform” rating reissued by equities research analysts at Scotiabank in a research report issued to clients and investors on Thursday. They currently have a C$2.75 price target on the stock.
BBD.B has been the subject of a number of other reports. Macquarie upgraded shares of Bombardier from an “underperform” rating to an “outperform” rating in a report on Monday. Goldman Sachs Group Inc. dropped their target price on shares of Bombardier from C$1.73 to C$1.67 in a report on Monday, August 8th. Citigroup Inc. increased their target price on shares of Bombardier from C$2.00 to C$2.07 and gave the stock a “neutral” rating in a report on Wednesday, August 24th. Cowen and Company increased their target price on shares of Bombardier from C$1.05 to C$1.65 and gave the stock a “market perform” rating in a report on Monday, August 8th. Finally, National Bank Financial increased their target price on shares of Bombardier from C$2.15 to C$2.60 and gave the stock an “outperform” rating in a report on Monday, August 8th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of C$1.82.
Bombardier Inc is a manufacturer of transportation equipment, such as business and commercial aircraft, aircraft structural components and rail transportation equipment and systems, and is a provider of related services. The Company operates through four segments: Business Aircraft, Commercial Aircraft, Aerostructures and Engineering Services, and Transportation.
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