Scotiabank trims target for Bombardier stock from CAD 380 to CAD 370

Published on 10/24/2026 at 21:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Scotiabank cut its target on October 15, 2026. For Bombardier stock, Q2 revenue reached USD 2.15 billion and deliveries totaled 32.

Scotiabank target revision

Scotiabank cut its Bombardier target from CAD 380.00 to CAD 370.00 on October 15, 2026.
Second-quarter revenue reached USD 2.15 billion, while the backlog stood at USD 21.80 billion as of June 30, 2026.
The last Tradegate price was EUR 210.20 on October 23, 2026, 1.55 percent above the EUR 207.00 close of October 22, 2026.
Bombardier will publish third-quarter results on November 5, 2026.

BBD.B, CA0977518616, Illustration mit AI erstellt.

Scotiabank cut its Bombardier target from CAD 380.00 to CAD 370.00 on October 15, 2026, while maintaining a sector outperform rating, according to MarketBeat. The revision puts the analyst debate below the recent TSX quotation, but it does not remove the upcoming reporting date from the calendar.

Bombardier's second-quarter revenue reached USD 2.15 billion, up 6.00 percent from the second quarter of 2025, while the company delivered 32 aircraft. The backlog stood at USD 21.80 billion as of June 30, 2026, according to Bombardier.

Revenue and backlog set the frame

The second-quarter figures give the target revision a concrete operating backdrop. Services revenue contributed USD 674.00 million in the quarter, up 14.00 percent year over year, according to Yahoo Finance. That mix matters because services can add recurring activity alongside new aircraft deliveries.

What does November 5 mean?

Bombardier will publish its third-quarter 2026 financial results on November 5, 2026, at 8:00 a.m. ET, with a presentation and analyst question period, according to Bombardier. The release will provide the next reported comparison for revenue, deliveries, backlog and profitability.

On the TSX, Bombardier was last at CAD 326.56 on October 23, 2026 at 4:00 p.m. ET, up 1.41 percent from the prior close of CAD 322.03. Its market capitalization was CAD 28.4 billion, the 52-week range was CAD 186.72 to CAD 377.77, and volume was 146,631 shares on that date. The current quote sits 13.56 percent below the 52-week high, calculated from CAD 326.56 and CAD 377.77.

Scotiabank target remains below the market

The revised CAD 370.00 target is 13.31 percent above the TSX price of CAD 326.56. Bombardier's trailing price-to-earnings ratio was 24.81 on October 23, 2026, while the dividend yield was 0.00 percent.

The last available euro price came from Tradegate and stood at EUR 210.20 on October 23, 2026 at 7:30 a.m. CEST, 1.55 percent above the Tradegate close of October 22, 2026 at EUR 207.00. The next company date is November 5, 2026, when Bombardier is scheduled to publish its third-quarter results.