Bombardier, Inc. Class B (BBD.B) Price Target Cut to C$5.00

Bombardier, Inc. Class B (TSE:BBD.B) had its price target reduced by Desjardins from C$6.00 to C$5.00 in a report published on Friday morning. Desjardins currently has a buy rating on the stock.

Several other research firms have also recently commented on BBD.B. CSFB boosted their price objective on shares of Bombardier, Inc. Class B from C$5.68 to C$7.00 in a research report on Thursday, July 12th. Barclays boosted their price objective on shares of Bombardier, Inc. Class B from C$5.00 to C$7.00 in a research report on Monday, July 30th. Royal Bank of Canada boosted their price objective on shares of Bombardier, Inc. Class B from C$5.50 to C$6.00 and gave the company an outperform rating in a research report on Friday, August 3rd. BMO Capital Markets set a C$6.00 price objective on shares of Bombardier, Inc. Class B and gave the company an outperform rating in a research report on Tuesday, July 24th. Finally, Credit Suisse Group set a C$7.00 price objective on shares of Bombardier, Inc. Class B and gave the company an outperform rating in a research report on Friday, August 3rd. One analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Bombardier, Inc. Class B presently has a consensus rating of Buy and an average price target of C$5.51.

Shares of TSE BBD.B traded up C$0.24 during midday trading on Friday, reaching C$2.65. 18,819,970 shares of the stock were exchanged, compared to its average volume of 9,460,000. Bombardier, Inc. Class B has a 12 month low of C$1.96 and a 12 month high of C$4.16.

About Bombardier, Inc. Class B

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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Analyst Recommendations for Bombardier, Inc. Class B (TSE:BBD.B)

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