Bombardier, Inc. Class B (TSE:BBD.B) Price Target Cut to C$3.25

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Bombardier, Inc. Class B (TSE:BBD.B) had its target price trimmed by CIBC from C$3.75 to C$3.25 in a research note published on Friday morning, BayStreet.CA reports.

Several other research analysts have also weighed in on BBD.B. Morgan Stanley reiterated an equal weight rating and issued a C$3.25 price objective on shares of Bombardier, Inc. Class B in a research note on Friday, April 5th. TD Securities dropped their price objective 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. Raymond James reiterated a market perform rating and issued a C$3.50 price objective on shares of Bombardier, Inc. Class B in a research note on Wednesday, June 26th. Royal Bank of Canada dropped their price objective on shares of Bombardier, Inc. Class B from C$3.50 to C$3.00 and set an outperform rating on the stock in a research note on Friday, April 26th. Finally, National Bank Financial dropped their price target on shares of Bombardier, Inc. Class B from C$4.85 to C$4.15 and set an outperform rating on the stock in a research note on Friday. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of C$3.90.

Bombardier, Inc. Class B stock opened at C$1.85 on Friday. The firm has a market cap of $3.82 billion and a price-to-earnings ratio of 20.56. The company has a 50 day moving average of C$2.17. Bombardier, Inc. Class B has a twelve month low of C$1.59 and a twelve month 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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