Bombardier, Inc. (BBD.B) Stock Rating Upgraded by J P Morgan Chase & Co
Bombardier, Inc. (TSE:BBD.B) was upgraded by equities researchers at J P Morgan Chase & Co from a “neutral” rating to an “outperform” rating in a report issued on Tuesday.
Other equities research analysts have also issued reports about the company. TD Securities increased their target price on Bombardier from C$2.50 to C$2.75 and gave the stock a “hold” rating in a research report on Friday, November 3rd. Raymond James Financial, Inc. raised Bombardier from a “market perform” rating to an “outperform” rating and increased their target price for the stock from C$2.50 to C$3.25 in a research report on Monday, July 31st. CIBC increased their target price on Bombardier from C$3.00 to C$3.25 in a research report on Friday, October 20th. National Bank Financial increased their target price on Bombardier from C$3.00 to C$3.50 and gave the stock an “outperform” rating in a research report on Wednesday, October 18th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a C$3.30 target price on shares of Bombardier in a research report on Wednesday, October 18th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of C$3.01.
Shares of Bombardier (TSE:BBD.B) opened at C$3.08 on Tuesday. Bombardier has a 52-week low of C$1.83 and a 52-week 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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