Bombardier, Inc. (BBD.B) Raised to “Buy” at Desjardins

Desjardins upgraded shares of Bombardier, Inc. (TSE:BBD.B) from a hold rating to a buy rating in a research report report published on Thursday morning.

A number of other equities analysts have also recently commented on the company. Raymond James Financial, Inc. cut Bombardier from an outperform rating to a market perform rating and reduced their target price for the company from C$3.00 to C$2.50 in a report on Wednesday, March 8th. Scotiabank reaffirmed an outperform rating and issued a C$3.25 price target on shares of Bombardier in a report on Friday, February 17th. TD Securities increased their price target on Bombardier from C$1.85 to C$2.05 and gave the company a hold rating in a report on Friday, February 17th. CIBC increased their price target on Bombardier from C$2.50 to C$2.75 in a report on Friday, February 17th. Finally, Societe Generale raised Bombardier from a sell rating to a hold rating in a report on Friday, February 10th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of Buy and an average target price of C$2.49.

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Bombardier Company Profile

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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