0724 ET - TD Cowen continues to believe tariff risk and free cash flow uncertainty will limit upside for Bombardier in the short term. Analyst Tim James says the business jet manufacturer withdrew 2025 guidance due to tariff uncertainty, but implied "a relatively flat delivery environment at about 150 units a year and suggested supply-chain headwinds are likely to persist through 2025 before abating in 2026." James forecasts 2025 free cash flow of $819 million, 18% growth in adjusted Ebitda, and 170 basis points of EBIT margin expansion "with further upside beyond 2025 related to manufacturing margin expansion, product mix and increasing Defense and Service revenues." If U.S. tariffs do come, James thinks they will likely be short-lived. (adriano.marchese@wsj.com)
(END) Dow Jones Newswires
February 24, 2025 07:25 ET (12:25 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。