Bombardier, Inc. Class B (TSE:BBD.B) PT Lowered to C$2.50 at Raymond James

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Bombardier, Inc. Class B (TSE:BBD.B) had its price objective cut by Raymond James from C$3.50 to C$2.50 in a report released on Friday morning, BayStreet.CA reports. They currently have a market perform rating on the stock.

Other equities analysts have also recently issued research reports about the company. TD Securities decreased their price objective on Bombardier, Inc. Class B from C$4.25 to C$3.75 and set a speculative buy rating for the company in a report on Friday. National Bank Financial decreased their price objective on Bombardier, Inc. Class B from C$4.85 to C$4.15 and set an outperform rating for the company in a report on Friday. Desjardins decreased their price objective on Bombardier, Inc. Class B from C$4.50 to C$4.00 in a report on Friday. BMO Capital Markets decreased their price objective on Bombardier, Inc. Class B from C$4.25 to C$4.00 in a report on Friday, May 3rd. Finally, CIBC decreased their price objective on Bombardier, Inc. Class B from C$3.75 to C$3.25 in a report on Friday. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of C$3.90.

Shares of BBD.B stock opened at C$1.85 on Friday. The firm has a market cap of $3.82 billion and a PE ratio of 20.56. The company has a 50-day moving average of C$2.17. Bombardier, Inc. Class B has a 52-week low of C$1.59 and a 52-week high of C$5.18.

Bombardier, Inc. Class B Company Profile

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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