Bombardier: shares rise slightly after broker ups target
(CercleFinance.com) - Bombardier shares are up over 1% at 3.
7 Canadian dollars on Tuesday after Credit Suisse raised its target price for the Canadian plane and trainmaker.
This morning Credit Suisse reinstated its coverage of the stock following the closing of the equity raise initiated in March and raised its target price for the company's shares to 5.44 Canadian dollars, from 5.22 Canadian dollars previously.
With the equity deal completed, investor focus will now return to orders, the broker wrote in the note.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
7 Canadian dollars on Tuesday after Credit Suisse raised its target price for the Canadian plane and trainmaker.
This morning Credit Suisse reinstated its coverage of the stock following the closing of the equity raise initiated in March and raised its target price for the company's shares to 5.44 Canadian dollars, from 5.22 Canadian dollars previously.
With the equity deal completed, investor focus will now return to orders, the broker wrote in the note.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.