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On Friday, RBC Capital Markets adjusted its outlook on Bombardier Inc (TSX:BBDb). (BBD/B:CN) (OTC: BDRBF), reducing the price target to Cdn$116 from the previous Cdn$130. Despite this change, the firm maintained an Outperform rating on the company’s shares.
The revision follows a recent conference call which, according to RBC Capital’s analyst, provided a more optimistic perspective on Bombardier (OTC:BDRBF)’s future than the initial impression from the press release. The analyst highlighted two key points from the call that bolstered their confidence in Bombardier’s 2025 financial targets. Firstly, management indicated that current tariffs have not impacted orders or market dynamics. Secondly, in the absence of tariff risks, management felt confident in reaffirming their 2025 goals.
While acknowledging the potential downside risks tariffs could pose, RBC Capital’s analysis suggests that the risk/reward profile for Bombardier remains highly positive. The firm continues to view Bombardier as its top pick, expecting the company to perform well in the long term.
The analyst’s comments further emphasized the importance of the two main takeaways from the conference call, which have provided RBC Capital with increased confidence in their estimates for Bombardier’s performance leading up to 2025.
In summary, despite reducing the price target for Bombardier, RBC Capital Markets holds a favorable view of the company’s stock, backed by management’s reassurances and the absence of immediate tariff-related impacts on the business.
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