Analyst Tim James from TD Cowen maintained a Hold rating on Bombardier and increased the price target to C$203.00 from C$197.00.
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Tim James has given his Hold rating due to a combination of factors influencing Bombardier’s current market position. The recent expansion in valuation multiples justifies maintaining a Hold stance, as the earnings outlook for 2025 to 2027 remains largely stable. While there is an improved backdrop in the defense sector and a positive civil jet cycle, the potential for further upside appears limited without additional catalysts.
James has also adjusted the price target to C$203, reflecting updated assumptions regarding delivery mix and supply chain challenges. The valuation now includes a P/E-based component, with forward EBITDA and EPS multiples supporting a slightly higher target. Despite strong fundamentals and order activity, supply chain issues are expected to persist, which justifies the Hold rating as the valuation is considered reasonable at current levels.
In another report released on November 13, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a C$234.00 price target.