-- RBC Capital Markets analyst James McGarragle raised his price target on the shares of Bombardier (BBD-B.TO) by $11.00 to $298.00 and reiterated his outperform rating.
McGarragle is maintaining his first-quarter EBITDA forecast at $245 million, below consensus of $252 million.
RBC's valuation multiple moves to 13.5x from 13x on continued defense momentum and solid demand signals, writes McGarragle. " We see runway for Bombardier to compound FCF at greater than a low-teen CAGR well into the 2030s - a compelling investment opportunity, in our view, for shares trading at a ~5% FCF yield."
Price: $255.99, Change: $-2.03, Percent Change: -0.79%