The Goldman Sachs Group Downgrades Bombardier (TSE:BBD) to Strong Sell

Bombardier (TSE:BBD) was downgraded by The Goldman Sachs Group from a “hold” rating to a “strong sell” rating in a report released on Monday,Zacks.com reports.

Several other brokerages also recently weighed in on BBD. Wolfe Research downgraded Bombardier from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 10th. Scotiabank cut shares of Bombardier from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 21st. Finally, Cibc Captl Mkts lowered shares of Bombardier from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 21st. Five research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

Bombardier Stock Performance

Bombardier has a twelve month low of C$7.83 and a twelve month high of C$13.18.

About Bombardier

Banco Bradesco SA, together with its subsidiaries, provides various banking products and services to individuals, corporates, and businesses in Brazil and internationally. The company operates through two segment, Banking and Insurance. It provides current, savings, click, and salary accounts; real estate credit, vehicle financing, payroll loans, mortgage loans, microcredit, leasing, and personal and installment credit; debit and business cards; financial and security services; consortium products; auto, personal accident, dental, travel, and life insurance; investment products; pension products; real estate and vehicle auctions; cash management, and foreign trade and exchange services; capitalization bonds; and internet banking services.