Company News

BUZZ-Bombardier: Continues climb as only hold-out analyst now says "buy"

** Bombardier shares jump 6.4 pct to C$2.67 Fri., adding to Thursday’s 23 pct surge after a profit beat and reassuring forecast

** Stock is 2nd-biggest gainer on the TSX and reclaims its 100-day moving avg for the first time since Sept. 21

** Several analysts raise PTs, with UBS raising the stock to “buy” in a note titled “When less bad is more than enough”

** UBS analyst Myles Walton: “moving away from the challenges of 2018, this stock looks poised to perform into 2020”

** Walton, top rated among 19 covering analysts for recommendation accuracy, was the only one to rate BBBd “hold”

** Now all 19 rate BBBd the equivalent of a “buy” or a “strong buy”; their median PT of C$4.70 implies 78 pct upside (Reporting by Savio D’Souza)