Bombardier to resume CSeries flight tests early next month, analyst says


Bombardier (OTCQX:BDRBF, OTC:BOMBF) is expected to resume flight testing for the CSeries early in September after months of delays, a development that could boost its share price, AltaCorp analysts say.

Bombardier has been saying flight tests would resume soon almost since the May engine fire first occurred, but the firm believes the tests are finally just around the corner.

The company's financial performance has hit bottom and should steadily improve over the coming years, the analyst says, adding that its valuation discount relative to peers offers a highly attractive entry point.

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