Bombardier Upgraded to “Sector Outperform” by Scotiabank (BBD.B)
Bombardier (TSE:BBD.B) was upgraded by research analysts at Scotiabank from a “sector perform” rating to a “sector outperform” rating in a report released on Tuesday, AmericanBankingNews.com reports. The firm currently has a C$4.75 price objective on the stock.
A number of other firms have also recently commented on BBD.B. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Bombardier in a research note to investors on Monday. They now have a C$5.00 price target on the stock, down previously from C$6.00. Separately, analysts at TD Securities cut their price target on shares of Bombardier from C$5.00 to C$4.00 in a research note to investors on Wednesday, January 22nd. They now have a “hold” rating on the stock. Finally, analysts at CIBC cut their price target on shares of Bombardier from C$5.75 to C$5.00 in a research note to investors on Wednesday, January 22nd. They now have an “outperform” rating on the stock. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. Bombardier presently has a consensus rating of “Hold” and an average target price of C$5.08.
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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