Bombardier (OTCMKTS:BDRBF) Upgraded to “Buy” at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Bombardier (OTCMKTS:BDRBF) from a neutral rating to a buy rating in a report published on Thursday morning, The Fly reports. They currently have $2.35 target price on the stock.

Several other equities research analysts have also commented on BDRBF. Scotiabank upped their target price on Bombardier from C$0.80 to C$1.50 and gave the company a sector perform rating in a research report on Friday, August 6th. Cowen raised Bombardier from an underperform rating to a market perform rating and set a $1.35 price target on the stock in a research note on Friday, August 6th. National Bank Financial increased their price objective on Bombardier from C$1.75 to C$1.90 and gave the stock an outperform rating in a research note on Friday, August 6th. BMO Capital Markets increased their price objective on Bombardier from C$1.80 to C$2.50 and gave the stock an outperform rating in a research note on Friday, August 6th. Finally, TD Securities increased their price objective on Bombardier from C$1.95 to C$2.50 and gave the stock a buy rating in a research note on Wednesday, September 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Bombardier presently has a consensus rating of Buy and a consensus price target of $1.84.

Shares of Bombardier stock opened at $1.61 on Thursday. Bombardier has a one year low of $0.20 and a one year high of $1.65. The stock’s 50-day moving average is $1.33 and its 200 day moving average is $0.99.

Bombardier Company Profile

Bombardier, Inc manufactures planes and trains. It operates through the following segments: Business Aircraft; Commercial Aircraft; Aerostructures and Engineering Services; and Transportation. The Business Aircraft segment designs, manufactures and provides aftermarket support for three families of business jets, spanning from the light to large categories.

Further Reading: Risk Tolerance

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Analyst Recommendations for Bombardier (OTCMKTS:BDRBF)

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