The Smart Investor: Three Less Supports for Bombardier
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March 22, 2020 - by RICHARD DUFOUR for www.lapresse.ca
Bombardier lost the support of three analysts this week.
Experts from BMO, National Bank Financial and Raymond James have all withdrawn their purchase recommendations. BMO's Fadi Chamoun has doubts about the implementation of the debt reduction strategy, given the current economic uncertainty fueled by COVID-19. The recently announced asset sales may not materialize, he said.
Cameron Doerksen of National Bank Financial warns that demand for business jets will decrease over the next 12 months. "[There is] a recession on the horizon and many companies are likely to adjust their spending downward. "
He adds that...
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