Bombardier (BBD) Cut to Sector Perform at AltaCorp Capital

Bombardier (TSE:BBD) was downgraded by equities researchers at AltaCorp Capital from an “outperform” rating to a “sector perform” rating in a report issued on Thursday, May 10th.

Separately, Desjardins reissued a “buy” rating on shares of Bombardier in a research note on Thursday, April 5th.

Bombardier opened at C$9.97 on Thursday, according to Marketbeat Ratings. Bombardier has a 12-month low of C$7.83 and a 12-month high of C$13.18.

Bombardier (TSE:BBD) last posted its earnings results on Thursday, February 15th. The company reported C$0.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.01 by C$0.01. The firm had revenue of C$5.99 billion for the quarter, compared to analyst estimates of C$6.03 billion.

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