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Bombardier upgraded, depressed price considered attractive
Posted on June 24, 2008
Bombardier s Inc. share price tumbling nearly 17% since early June has made the stock attractive once again, according to David Tyerman, Scotia Capital analyst. We continue to expect strong earnings per share growth in coming years from solid sales growth due a record backlog and margin improvement in both operating segments, he said in a note to clients. Demand appears to remain strong for business jets and transportation equipment. Regional jet prospects look challenging but perhaps less so than we have recently feared. Bombardier s share price was trading at $7.66 in early mor...
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