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Barclays Sticks to Its Sell Rating for Bombardier (BDRBD)

In a report issued on June 21, David E. Strauss from Barclays maintained a Sell rating on Bombardier (BDRBDResearch Report), with a price target of C$27.00. The company’s shares closed last Wednesday at $17.87, close to its 52-week low of $16.19.

According to TipRanks.com, Strauss is a 2-star analyst with an average return of -0.2% and a 53.9% success rate. Strauss covers the Technology sector, focusing on stocks such as Maxar Technologies, Spirit AeroSystems, and Howmet Aerospace.

Currently, the analyst consensus on Bombardier is a Moderate Buy with an average price target of $39.96.

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Based on Bombardier’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.25 billion and GAAP net loss of $287 million. In comparison, last year the company earned revenue of $1.34 billion and had a net profit of $5.04 billion.

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Bombardier, Inc. manufactures planes and trains. It operates through the following segments: Business Aircraft; Commercial Aircraft; Aerostructures and Engineering Services; and Transportation. The Business Aircraft segment designs, manufactures and provides aftermarket support for three families of business jets, spanning from the light to large categories. The Commercial Aircraft segment designs and manufactures a portfolio of commercial aircrafts. The Aerostructures and Engineering Services segment designs and manufactures major aircraft structural components such as engine nacelles, fuselages and wings and provides aftermarket component repair and overhaul as well as other engineering services for both internal and external clients. The Transportation segment offers product range and services to the rail industry and covers the full spectrum of rail solutions such as complete trains to subsystems, services, system integration, signaling, and e-mobility solutions. The company was founded on June 19, 1902 and is headquartered in Montreal, Canada.

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