Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (107204)	5/21/2021 8:27:26 AM
From: Goose94	Read Replies (2) \| Respond to of 203353

Bombardier (BBD.B-T) Citi analyst Stephen Trent raised his rating for Bombardier to "buy" from "neutral" Mr. Trent boosted his share target to $1.20 from 73 cents. Analysts on average target the Class B shares at 87 cents. Mr. Trent says in a note: "Applying a reduced target multiple to higher 2022E EBITDA now puts enough upside on the shares, to upgrade Bombardier. ... Although Bombardier's shares have done very well year-to-date, they are down a (mild) 10 per cent versus the year-to-date peak that the shares reached early last month. Nevertheless, in spite of the more constructive view on Bombardier's fundamentals, Citi maintains the High Risk qualifier on the shares, owning to the company's high financial leverage and to its significant share price volatility. Downside risks include interest rate increases that could pressure the company's debt servicing costs, as well as unexpected taxation on luxury products such as business jets."