2010
01.07
01.07
JP Morgan Comment on Bombardier (BBD.B) – $4.86 – Attractive Valuation with Potential Catalysts: Upgrade to OW
Overweight (prev. Neutral), Price Target: $6.50
JPM is upgrading Bombardier to OW. The stock’s risk/reward profile looks attractive as it was the worst commercial aero performer in its group last year and looks inexpensive relative to both aero and transportation peers. JPM sees several
potential catalysts such as CSeries orders and continued good news from Transportation, including a new margin target with Q4 earnings.
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