Bombardier upgraded to Neutral from Sell at UBS

UBS upgraded Bombardier (BDRBF) to Neutral from Sell with a price target of C$95, up from C$77. New aircraft bookings have held up better than expected, and Bombardier has taken a disciplined approach of projecting flat production through the end of the decade, the analyst tells investors in a research note. While UBS still sees end-market pressure, the firm expects leverage continuing to decline and that cash generation can support the stock. Tariff risk could cause some near-term lumpiness to orders, but UBS sees limited medium-term impact.