Cowen Downgrades Bombardier (BDRBF) to Underperform

Cowen analyst Cai von Rumohr downgraded Bombardier (OTC: BDRBF) from Market Perform to Underperform with a price target of $0.27.

The analyst comments "Disappointing Q4 cash flow makes for challenging debt refinancing prospects despite likely leveraged bizjet upswing. Bombardier also faces a difficult longer term competitive position. We're downgrading the stock from Market Perform to Underperform."

For an analyst ratings summary and ratings history on Bombardier click here. For more ratings news on Bombardier click here.

Shares of Bombardier closed at $0.49 yesterday.

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