Friday’s analyst upgrades and downgrades
Bombardier Inc. reported strong first-quarter results with increased revenue and earnings, driven by robust order activity and improved free cash flow, prompting some analysts to raise their price targets despite valuation concerns. TD Cowen maintained a 'hold' rating, citing macroeconomic uncertainties and elevated valuation multiples, while RBC and Desjardins raised their targets and reiterated bullish stances. Analysts highlighted improving fundamentals, supply chain improvements, and growth potential in services and defense, though near-term caution remains due to geopolitical and trade policy risks.
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ShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountInside the Market’s roundup of some of today’s key analyst actionsWhile Bombardier Inc. (BBD.B-T) enjoyed a “strong start to 2026” with its first-quarter results highlighted by encouraging free cash flow and orders, TD Cowen analyst Tim James thinks “valuation and remaining risks (USMCA, geopolitical) support waiting for more attractive entry point for a great business and industry backdrop.”“Easing supply chain headwinds, strong pricing and existing backlog support our forecast for delivery growth and margin expansion through 2028 vs. 2025.
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