Bombardier Receives “Sector Outperform” Rating from CIBC (BBD.B)
Bombardier (TSE:BBD.B)‘s stock had its “sector outperform” rating reiterated by stock analysts at CIBC in a report issued on Monday, American Banking and Market News reports.
Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity downgraded shares of Bombardier from a “buy” rating to a “hold” rating in a research note to investors on Friday. They now have a C$4.25 price target on the stock, down previously from C$6.00. Separately, analysts at Raymond James cut their price target on shares of Bombardier from C$5.50 to C$4.50 in a research note to investors on Friday. They now have a “market perform” rating on the stock. Finally, analysts at RBC Capital reiterated an “outperform” rating on shares of Bombardier in a research note to investors on Friday, January 10th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of C$5.17.
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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