Bombardier downgraded to Sell from Neutral at Goldman Sachs

Goldman Sachs analyst Noah Poponak downgraded Bombardier (BDRBF) to Sell from Neutral with a C$191 price target The company’s backlog has grown slower than peers, which should drive slower sales growth over the medium-term, the analyst tells investors in a research note. With the stock more than tripling in the last year, Goldman sees a “higher bar for performance” while it questions Bombardier’s fundamentals.