1117 ET - With shares up 11% year-to-date and threefold over the last 52 weeks, National Bank of Canada downgrades Bombardier on valuation, lowering the stock to sector perform from outperform. "We see little room to stretch our valuation multiple (currently 12.5x on our 2027 forecast) for Bombardier any further at this time," analyst Cameron Doerksen says in a note. He believes end market conditions remain healthy with industry business jet flying activity up 4.6% year-to-date, and that he expects the company to report solid year-over-year improvements in earnings, "but we see the likelihood of significant outperformance as relatively low," he says. With limited upside in the near term, Doerksen believes investors should look for a better entry point on a pullback. Bombardier is off 3.8%. (adriano.marchese@wsj.com)
(END) Dow Jones Newswires
April 16, 2026 11:17 ET (15:17 GMT)
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