Bombardier Receives “Sector Outperform” Rating from CIBC (BBD.B)
Bombardier (TSE:BBD.B)‘s stock had its “sector outperform” rating reaffirmed by analysts at CIBC in a research report issued to clients and investors on Wednesday, American Banking News reports. They currently have a C$5.75 price target on the stock.
A number of other firms have also recently commented on BBD.B. Analysts at Scotiabank raised their price target on shares of Bombardier (TSE:BBD.B) from C$4.75 to C$5.00 in a research note to investors on Friday, September 6th. They now have a “sector perform” rating on the stock. Separately, analysts at National Bank Financial upgraded shares of Bombardier (TSE:BBD.B) from a “sector perform” rating to an “outperform” rating in a research note to investors on Thursday, August 22nd. They now have a C$4.75 price target on the stock, up previously from C$4.25. Finally, analysts at Credit Suisse downgraded shares of Bombardier (TSE:BBD.B) from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, August 5th.
Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of C$5.33.
Bombardier, Inc is a Canada-based aerospace and transportation company. The Company manufactures transportation solutions, from commercial aircraft and business jets to rail transportation equipment, systems and services.
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