Bombardier Price Target Raised to $278 at TD

MT Newswires Live01-19 20:47

TD Securities raised its price target on Bombardier Inc. (BBD-B.TO) to $278 from $203 on Monday.

Analyst Tim James maintained a Hold rating on shares of the Canadian business jet manufacturer.

"We think the factors driving the fwd EBITDA multiple expansion of 3.8x since moving to Hold (July/25) and driving sector and industry sentiment to new highs are sustainable in 2026," James said in a note to clients.

"In the absence of earnings disappointments or defense order losses in 2026 (neither of which we expect), we believe risk of a material near-term correction in BBD's historically strong valuation multiples is limited," the analyst said.

"We view Bombardier's financial progress since 2020 as incredible and worthy of significant multiple expansion."

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