02:57 PM EDT, 07/10/2024 (MT Newswires) -- National Bank is increasing its one year target on Bombardier and maintaining its Outperform rating ahead of the company's second quarter results.

Analyst Cameron Doerksen has upped his target to $114 (from $92). "Bombardier is one of our top picks for 2024 and although the stock is up 63% YTD (versus TSX up ~5%), we see further upside as the market gains more confidence in the sustainability of strong free cash flow generation to the end of the decade."

Bombardier reports on July 25.

Price: 92.50, Change: +6.09, Percent Change: +7.05