JPMorgan Chase & Co. Lowers Bombardier (OTCMKTS:BDRBF) to Neutral

JPMorgan Chase & Co. cut shares of Bombardier (OTCMKTS:BDRBF) from an overweight rating to a neutral rating in a report issued on Friday, The Fly reports.

Several other brokerages have also issued reports on BDRBF. Goldman Sachs Group lowered shares of Bombardier from a buy rating to a neutral rating and decreased their price target for the stock from $3.75 to $2.00 in a research note on Friday, August 16th. Desjardins lowered shares of Bombardier to a buy rating in a research note on Friday, August 2nd. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. Bombardier has a consensus rating of Hold and a consensus target price of $2.00.

Shares of Bombardier stock opened at $1.39 on Friday. The company has a 50-day moving average of $1.36 and a 200 day moving average of $1.69. Bombardier has a 1 year low of $1.16 and a 1 year high of $3.69.

About Bombardier

Bombardier Inc, together with its subsidiaries, manufactures and sells transportation equipment worldwide. The company operates in four segments: Business Aircraft, Commercial Aircraft, Aerostructures and Engineering Services, and Transportation. The Business Aircraft segment designs, manufactures, and markets business jets, as well as provides aftermarket support services.

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Analyst Recommendations for Bombardier (OTCMKTS:BDRBF)

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