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.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs