Report
Chris Higgins
EUR 101.80 For Business Accounts Only

On the Road at the Paris Air Show: Bombardier Turnaround Story Getting Better; Increasing FVE

We met with Bombardier management at the Paris Air Show and came away feeling more confident in the company's turnaround story but still concerned about C Series order intake. The market already seemed soft for the C Series, and we now believe the Boeing anti-dumping complaint lodged with the U.S. government represents a headwind to C Series sales momentum. Despite the C Series risk overhang, we’re moving up our fair value estimate to CAD 2.90 from CAD 2.50 because of slightly better cash perfor...
Underlying
Bombardier Inc. Class B

Bombardier is a manufacturer of transportation equipment. Co. carries out its operations in four segments. Aircraft is engaged in the design, manufacture and aftermarket support for three families of business jets (Learjet, Challenger and Global). Commercial Aircraft designs and manufactures commercial aircraft in the 60- to 150-seat categories and provides aftermarket support for these aircraft as well as for the 20- to 59-seat range category. Aerostructures and Engineering Services designs and manufactures aircraft structural components and provides aftermarket component repair and overhaul. Transportation delivers products and services in sustainable mobility.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Chris Higgins

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