Bombardier (OTCMKTS:BDRBF) Cut to “Buy” at Desjardins

Desjardins cut shares of Bombardier (OTCMKTS:BDRBF) to a buy rating in a report issued on Friday, TipRanks reports.

Several other research analysts have also issued reports on BDRBF. Raymond James reiterated a mkt perform rating on shares of Bombardier in a research note on Friday, April 26th. Morgan Stanley began coverage on shares of Bombardier in a research note on Friday, April 5th. They issued an equal weight rating for the company. Vertical Research lowered shares of Bombardier from a buy rating to a hold rating in a research note on Thursday, May 2nd. Finally, Scotiabank lowered shares of Bombardier from an outperform rating to a sector perform rating in a research note on Thursday, April 25th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Bombardier presently has an average rating of Buy.

Shares of Bombardier stock remained flat at $$1.41 during trading on Friday. 227,699 shares of the company traded hands, compared to its average volume of 206,257. The company’s 50 day simple moving average is $1.65. Bombardier has a 52 week low of $1.21 and a 52 week high of $3.99.

Bombardier Company Profile

Bombardier Inc, together with its subsidiaries, manufactures and sells transportation equipment worldwide. The company operates in four segments: Business Aircraft, Commercial Aircraft, Aerostructures and Engineering Services, and Transportation. The Business Aircraft segment designs, manufactures, and markets business jets, as well as provides aftermarket support services.

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Analyst Recommendations for Bombardier (OTCMKTS:BDRBF)

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