{"id":297514,"date":"2010-02-09T08:36:00","date_gmt":"2010-02-09T13:36:00","guid":{"rendered":"e2249889-c78b-43e3-9643-b1d7d4aa587b:393479"},"modified":"2010-02-09T08:36:00","modified_gmt":"2010-02-09T13:36:00","slug":"bombardier-long-term-prospects-bright","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/297514","title":{"rendered":"Bombardier long-term prospects &#8216;bright&#8217;"},"content":{"rendered":"<p>Fiscal 2010 was a tough year for <a href=\"http:\/\/www.financialpost.com\/markets\/company\/index.html?symbol=BBD.B&amp;id=97053\" >Bombardier Inc.<\/a> and its aerospace division, with business jet deliveries down 25%. And if its aircraft delivery guidance bears out fiscal 2011 will be a tough one too, with another expected 15% decline. <\/p>\n<p>Even so, Steve Hansen and Ben Cherniavsky with Raymond James are still confident about Bombardier&#39;s long-term prospects, raising the target price for the company to $6.25 from $5.25 with an Outperform rating.<\/p>\n<p>&quot;Bombardier Aerospace&#39;s delivery guidance is a sobering reminder that aerospace manufacturers continue to grapple with residual side-effects stemming from the global economic downturn,&quot; the pair said in a note Tuesday. &quot;Notwithstanding these near-term headwinds, we continue to remain optimistic about Bombardier&#39;s prospects.&quot;<\/p>\n<p>Fourth-quarter deliveries and net orders exceeded their expectations, while possible C-Series orders will be a positive catalyst. Mr. Hansen and Mr. Cherniavsky also see improvements in airline profitability and business jet utilization as the global economy recovers and credit markets return to strength. <\/p>\n<p>Bombardier Transportation also remains strong, thanks to a growing demand for public transport around the world, the pair said.<\/p>\n<p><a href=\"mailto:erlam@nationalpost.com\">Eric Lam<\/a>&nbsp; <\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/network.nationalpost.com\/np\/aggbug.aspx?PostID=393479\" width=\"1\" height=\"1\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fiscal 2010 was a tough year for Bombardier Inc. and its aerospace division, with business jet deliveries down 25%. And if its aircraft delivery guidance bears out fiscal 2011 will be a tough one too, with another expected 15% decline. Even so, Steve Hansen and Ben Cherniavsky with Raymond James are still confident about Bombardier&#39;s [&hellip;]<\/p>\n","protected":false},"author":4586,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-297514","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/297514","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/4586"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=297514"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/297514\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=297514"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=297514"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=297514"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}