-- BMO Capital Markets raised its price target on the shares of Bombardier (BBD-B.TO) by $20.00 to $320.00, maintaining its outperform rating after the aircraft manufacturer reported first-quarter results on Thursday.
Analyst Fadi Chamoun notes that Bombardier's first-quarter results exceeded expectations, with solid orders momentum, underpinning the company's best first quarter free cash flow (FCF) performance in nearly 20 years, catalyzing a 2026 FCF guidance raise.
"BBD's transformation has positioned the company for sustained FCF generation, combined with a growing set of opportunities to re-invest in growth at a strong 20%+ ROIC is supportive for valuation," Chamoun adds.
Price: $292.25, Change: $+3.61, Percent Change: +1.25%