CIBC Cuts Bombardier, Inc. Class B (BBD.B) Price Target to C$3.75

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Bombardier, Inc. Class B (TSE:BBD.B) had its price target cut by equities research analysts at CIBC from C$4.00 to C$3.75 in a note issued to investors on Friday, BayStreet.CA reports. CIBC’s price target suggests a potential upside of 65.93% from the company’s previous close.

A number of other research analysts have also weighed in on the stock. TD Securities decreased their price target on shares of Bombardier, Inc. Class B from C$5.00 to C$4.25 and set a “speculative buy” rating on the stock in a research note on Friday, April 26th. CSFB reduced their price target on shares of Bombardier, Inc. Class B from C$4.48 to C$3.76 in a research report on Tuesday, January 22nd. Morgan Stanley reaffirmed an “equal weight” rating and set a C$3.25 price target on shares of Bombardier, Inc. Class B in a research report on Friday, April 5th. National Bank Financial reduced their price target on shares of Bombardier, Inc. Class B from C$5.50 to C$5.25 and set an “outperform” rating on the stock in a research report on Friday, February 15th. Finally, Royal Bank of Canada reduced their price target on shares of Bombardier, Inc. Class B from C$4.50 to C$3.50 and set an “outperform” rating on the stock in a research report on Friday, February 15th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of C$4.67.

Shares of TSE:BBD.B traded up C$0.04 during trading on Friday, reaching C$2.26. 7,399,953 shares of the company’s stock traded hands, compared to its average volume of 9,460,000. Bombardier, Inc. Class B has a fifty-two week low of C$1.96 and a fifty-two week high of C$4.16. The stock has a market capitalization of $4.63 billion and a PE ratio of -173.85.

About Bombardier, Inc. Class B

Bombardier Inc, together with its subsidiaries, manufactures and sells transportation equipment worldwide. The company operates in four segments: Business Aircraft, Commercial Aircraft, Aerostructures and Engineering Services, and Transportation. The Business Aircraft segment designs, manufactures, and provides aftermarket support for Learjet, Challenger, and Global business jets.

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

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