February 21, 2018 / 3:49 PM / a year ago

BUZZ-Bombardier flies to more than 3-yr high as CS sees blue sky

** Shares of Canadian plane-and-train maker up as much as 2.3 pct at C$4.01; touches more than 3-year high

** Credit Suisse increases PT of company by C$1.22 to C$5.22

** Brokerage says “a few more quarters of solid execution” and increase in CSeries aircraft orders have the potential to drive positive double-digit percentage moves in the share price

** CS expects CSeries aircraft orders to materialize in the next 2 years; says customers may be waiting on the sidelines until the Airbus deal closes

** 15 of 19 brokerages rate the stock “buy” or higher, 4 “hold”; median PT C$4

** So far this year stock has risen 30.9 pct; stock had risen 40.3 pct last year (Reporting by Anirban Paul)

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