Sep. 4 at 8:46 PM
BMO maintained an Outperform rating on Bombardier and a C
$375 price target versus C
$304.30 at the Sept. 3 close, implying 23% total upside. The broker expects limited tariff impact and believes aerospace will likely remain exempt even if Canada-U.S. trade tensions intensify.
Bombardier’s planned acquisition of MHI Canada Aerospace, which supplies wings for its Global 5500, Global 6500 and Challenger 3500 jets, should reduce supply-chain risks as production increases and could generate cost savings. BMO said demand and backlog remain in line with or ahead of expectations, with little pressure from tariffs or interest rates.
The broker maintained its 2026 estimates, including C
$1.4 billion in free cash flow. With leverage expected to reach the company’s year-end target, shareholder distributions could begin as early as 2027, while strong cash generation should support investment in aftermarket services and defense.
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