Zacks Research lowered shares of Bombardier (OTCMKTS:BDRBF – Free Report) from a strong-buy rating to a hold rating in a research note published on Tuesday,Zacks reports.
BDRBF has been the topic of several other research reports. National Bank Financial upgraded Bombardier from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 15th. TD Securities reissued a “hold” rating on shares of Bombardier in a research report on Friday, July 31st. Scotiabank restated an “outperform” rating on shares of Bombardier in a research note on Thursday, October 15th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Bombardier in a report on Friday, July 31st. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Bombardier in a research report on Friday, July 31st. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $263.00.
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Bombardier Stock Performance
Institutional Investors Weigh In On Bombardier
A hedge fund recently bought a new position in Bombardier stock. Sageworth Trust Co bought a new stake in Bombardier Inc. (OTCMKTS:BDRBF – Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 1,327 shares of the company’s stock, valued at approximately $234,000.
About Bombardier
Bombardier Inc is a Canadian aerospace company focused on the design, manufacture and support of business aircraft. Its portfolio includes the Challenger family of super-midsize and large-cabin jets and the Global family of long-range business jets. The company also provides aircraft maintenance, refurbishment, parts, training and other aftermarket services through its worldwide support network.
Founded in 1942 by Joseph-Armand Bombardier, the company originally developed snowmobiles before expanding into transportation and aerospace.
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