Bombardier Inc. (BBD.B:CA)
TD Securities recently raised its 12 month target price on Bombardier’s stock to $278.00 from $203.00, while maintaining a “Hold” rating. The increase in valuation reflects improved visibility into free cash flow generation, supported by stronger aircraft deliveries, a growing services backlog, and continued execution on cost controls. Analysts also highlighted ongoing balance sheet progress, including debt reduction and improved liquidity, which has lowered financial risk. However, the “Hold” rating suggests that much of the operational improvement is now reflected in the share price, limiting near-term upside despite the company’s improving fundamentals. As a result, according to TD’s target price forecast, it suggests the stock is trading at the fair value mark.
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