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Bombardier downgraded by Raymond James, shares fall

Bombardier's shares fell 2.6% on Friday after Raymond James downgraded the stock to "market perform" with target price (unchanged) of CAD6.25, citing a lack of new orders for its CSeries programme and Airbus' success with the Airbus A320neo.

See related report: Virgin America places Airbus' 10,000th order: signs for 60 new aircraft

Raymond James analyst Steve Hansen stated, "We are increasingly mindful of the neo's rapid adoption and the potential impact on the CSeries business case."

Embraer fell 1.8% on Friday, while EADS slipped 0.8%. Boeing rose 0.8%.

Selected aviation suppliers daily share price movements (% change): 21-Jan-2011

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